Voxx International Corp. (VOXX) Shares Up 6%
Voxx International Corp. (NASDAQ:VOXX) shares shot up 6% during trading on Friday . The stock traded as high as $3.05 and last traded at $3.01, with a volume of 89,567 shares. The stock had previously closed at $2.84.
Separately, Zacks Investment Research downgraded shares of Voxx International Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st.
The company’s 50-day moving average price is $3.05 and its 200-day moving average price is $4.08. The firm’s market cap is $66.92 million.
Voxx International Corp. (NASDAQ:VOXX) last released its earnings results on Monday, May 16th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.25. The firm had revenue of $169.70 million for the quarter, compared to analyst estimates of $174 million. During the same period last year, the firm earned ($0.60) earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect that Voxx International Corp. will post $0.27 earnings per share for the current fiscal year.
Several large investors have added to or reduced their stakes in the company. Kahn Brothers Group Inc. DE raised its stake 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 worth $9,617,000 after buying an additional 211,880 shares during the last quarter. Royce & Associates LLC boosted its position in shares of 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 during the last quarter. Finally, Strs Ohio boosted its position in shares of 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 during 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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