Shares of Voxx International Corp. (NASDAQ:VOXX) shot up 1.1% on Tuesday . The stock traded as high as $2.88 and last traded at $2.80, with a volume of 52,469 shares trading hands. The stock had previously closed at $2.77.

Separately, Zacks Investment Research upgraded Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Wednesday.

The firm’s 50 day moving average is $2.97 and its 200-day moving average is $3.92. The stock’s market capitalization is $66.44 million.

Voxx International Corp. (NASDAQ:VOXX) last issued its earnings results on Monday, July 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.08. During the same period in the prior year, the firm posted ($0.03) earnings per share. The business earned $155.50 million during the quarter. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts anticipate that Voxx International Corp. will post $0.26 EPS for the current fiscal year.

An institutional investor recently raised its position in Voxx International Corp. stock. Employees Retirement System of Texas increased its position in Voxx International Corp. (NASDAQ:VOXX) by 63.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 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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