Voxx International Corp. (VOXX) Shares Down 3%
Shares of Voxx International Corp. (NASDAQ:VOXX) dropped 3% during trading on Thursday . The stock traded as low as $2.62 and last traded at $2.62, with a volume of 93,165 shares traded. The stock had previously closed at $2.70.
Separately, Zacks Investment Research downgraded shares of Voxx International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The stock’s 50 day moving average is $2.95 and its 200-day moving average is $3.91. The firm’s market capitalization is $62.57 million.
Voxx International Corp. (NASDAQ:VOXX) last released its earnings results on Monday, July 11th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.08. The company earned $155.50 million during the quarter. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, analysts forecast that Voxx International Corp. will post $0.26 earnings per share for the current year.
A hedge fund recently raised its stake in Voxx International Corp. stock. Employees Retirement System of Texas boosted its position in Voxx International Corp. (NASDAQ:VOXX) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,000 shares of the company’s stock after buying an additional 142,000 shares during the period. Employees Retirement System of Texas owned about 1.51% of Voxx International Corp. worth $1,925,000 as of its most recent filing with the SEC.
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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