StockNews.com Initiates Coverage on VOXX International (NASDAQ:VOXX)

Equities research analysts at StockNews.com initiated coverage on shares of VOXX International (NASDAQ:VOXX) in a report released on Saturday. The brokerage set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

Shares of VOXX opened at $7.50 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.85 and a debt-to-equity ratio of 0.07. The stock has a market cap of $168.96 million, a PE ratio of -2.43 and a beta of 1.19. VOXX International has a 12-month low of $2.27 and a 12-month high of $8.12. The business has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $7.41.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Friday, February 7th. The auto parts company reported ($0.38) earnings per share (EPS) for the quarter. VOXX International had a negative net margin of 18.06% and a negative return on equity of 15.29%.

Institutional Investors Weigh In On VOXX International

Several institutional investors and hedge funds have recently made changes to their positions in VOXX. Peapod Lane Capital LLC bought a new stake in VOXX International in the fourth quarter valued at approximately $3,632,000. Gabelli Funds LLC acquired a new stake in shares of VOXX International during the fourth quarter worth $2,595,000. Gardner Lewis Asset Management L P bought a new position in VOXX International during the fourth quarter worth $2,030,000. Bridgeway Capital Management LLC raised its position in shares of VOXX International by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 203,739 shares of the auto parts company’s stock worth $1,504,000 after acquiring an additional 3,267 shares in the last quarter. Finally, Kahn Brothers Group Inc. lifted its stake in VOXX International by 10.5% in the fourth quarter. Kahn Brothers Group Inc. now owns 114,676 shares of the auto parts company’s stock valued at $846,000 after buying an additional 10,868 shares during the period. Institutional investors and hedge funds own 71.00% of the company’s stock.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.