StockNews.com Downgrades VOXX International (NASDAQ:VOXX) to Hold

VOXX International (NASDAQ:VOXX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

VOXX International Stock Up 1.3 %

Shares of VOXX opened at $3.80 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 2.43 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $8.63. The stock has a market cap of $85.87 million, a price-to-earnings ratio of -2.20 and a beta of 1.38. VOXX International has a 12 month low of $3.61 and a 12 month high of $13.23.

VOXX International (NASDAQ:VOXX) last issued its earnings results on Tuesday, May 14th. The auto parts company reported ($0.89) earnings per share (EPS) for the quarter. VOXX International had a negative return on equity of 14.86% and a negative net margin of 8.71%. The company had revenue of $108.08 million during the quarter.

Institutional Investors Weigh In On VOXX International

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of VOXX International by 650.0% in the third quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock valued at $60,000 after acquiring an additional 6,500 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of VOXX International by 27.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 6,171 shares in the last quarter. Empowered Funds LLC grew its position in VOXX International by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Well Done LLC increased its holdings in VOXX International by 902.6% during the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock valued at $18,611,000 after purchasing an additional 1,568,750 shares in the last quarter. Institutional investors 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. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.