VOXX International Co. (NASDAQ:VOXX - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.75 and traded as high as $7.02. VOXX International shares last traded at $6.77, with a volume of 99,413 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised VOXX International from a "sell" rating to a "hold" rating in a research report on Monday, October 14th.
Read Our Latest Analysis on VOXX
VOXX International Stock Up 0.4 %
The company has a market capitalization of $153 million, a price-to-earnings ratio of -6.13 and a beta of 1.22. The firm has a 50 day moving average price of $6.81 and a two-hundred day moving average price of $4.75. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.
VOXX International (NASDAQ:VOXX - Get Free Report) last posted its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 EPS for the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%. The business had revenue of $92.49 million during the quarter.
Insider Buying and Selling at VOXX International
In other news, major shareholder Corp Gentex bought 3,152,500 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the acquisition, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 95.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beat Kahli sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The disclosure for this sale can be found here. 49.81% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in VOXX International by 72.7% during the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company's stock valued at $46,000 after buying an additional 2,353 shares during the period. Empowered Funds LLC raised its position in VOXX International by 8.0% during the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company's stock valued at $540,000 after buying an additional 4,900 shares during the period. Acuitas Investments LLC acquired a new position in VOXX International during the second quarter valued at $855,000. Acadian Asset Management LLC purchased a new position in VOXX International in the second quarter valued at about $44,000. Finally, Renaissance Technologies LLC grew its stake in VOXX International by 6.3% in the second quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company's stock valued at $1,333,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 71.00% of the company's stock.
About VOXX International
(
Get Free Report)
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.
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