Voxx International Corp. (VOXX) Hits New 12-Month Low at $2.68
Voxx International Corp. (NASDAQ:VOXX)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.68 and last traded at $2.88, with a volume of 55,772 shares trading hands. The stock had previously closed at $2.78.
Separately, Zacks Investment Research downgraded Voxx International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The stock has a 50 day moving average price of $3.06 and a 200 day moving average price of $4.10. The company’s market cap is $68.61 million.
Voxx International Corp. (NASDAQ:VOXX) last posted its earnings results on Monday, May 16th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.25. The business had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $174 million. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.60) earnings per share. On average, analysts forecast that Voxx International Corp. will post $0.27 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its position in Voxx International Corp. by 5.6% in the fourth quarter. Strs Ohio now owns 482,900 shares of the company’s stock valued at $2,540,000 after buying an additional 25,500 shares in the last quarter. Royce & Associates LLC boosted its position in Voxx International Corp. by 13.2% in the fourth quarter. Royce & Associates LLC now owns 1,114,491 shares of the company’s stock valued at $5,862,000 after buying an additional 129,800 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE boosted its position in Voxx International Corp. by 13.1% in the fourth quarter. Kahn Brothers Group Inc. DE now owns 1,828,400 shares of the company’s stock valued at $9,617,000 after buying an additional 211,880 shares in the last quarter.
VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company operates in three segments, which include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices and aftermarket/OE-styled radios, among others.
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