VOXX International Corporation (NASDAQ:VOXX) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday.

According to Zacks, “VOXX International Corporation is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. The Company markets its products under the RCA, Acoustic Research and TERK brands. VOXX International Corporation, formerly known as Audiovox Corporation, is headquartered in Hauppauge, New York. “

Separately, Cowen and Company restated a “hold” rating and issued a $7.00 price target on shares of VOXX International Corporation in a report on Friday, July 14th.

Shares of VOXX International Corporation (NASDAQ:VOXX) traded up 0.75% during midday trading on Tuesday, reaching $6.75. The company had a trading volume of 61,745 shares. VOXX International Corporation has a 52-week low of $3.58 and a 52-week high of $9.00. The company’s 50-day moving average is $8.06 and its 200-day moving average is $7.00. The firm has a market cap of $163.08 million, a P/E ratio of 29.35 and a beta of 0.91.

VOXX International Corporation (NASDAQ:VOXX) last posted its earnings results on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.73). The business had revenue of $113.50 million for the quarter, compared to the consensus estimate of $163.00 million. VOXX International Corporation had a negative return on equity of 3.77% and a net margin of 3.10%. The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts expect that VOXX International Corporation will post $0.25 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kahn Brothers Group Inc. DE raised its holdings in VOXX International Corporation by 30.9% during the second quarter. Kahn Brothers Group Inc. DE now owns 2,308,302 shares of the auto parts company’s stock worth $18,928,000 after acquiring an additional 544,741 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in VOXX International Corporation by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,847,067 shares of the auto parts company’s stock worth $9,605,000 after acquiring an additional 58,069 shares in the last quarter. Vanguard Group Inc. raised its holdings in VOXX International Corporation by 0.8% during the second quarter. Vanguard Group Inc. now owns 983,934 shares of the auto parts company’s stock worth $8,068,000 after acquiring an additional 8,155 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in VOXX International Corporation by 2.0% during the second quarter. Prescott Group Capital Management L.L.C. now owns 973,515 shares of the auto parts company’s stock worth $7,983,000 after acquiring an additional 18,719 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in VOXX International Corporation by 301.0% during the second quarter. Northern Trust Corp now owns 231,389 shares of the auto parts company’s stock worth $1,898,000 after acquiring an additional 173,683 shares in the last quarter. Institutional investors and hedge funds own 59.04% of the company’s stock.

VOXX International Corporation Company Profile

VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.

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