Voxx International Corp. (VOXX) Reaches New 52-Week Low at $2.50
Voxx International Corp. (NASDAQ:VOXX)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $2.50 and last traded at $2.60, with a volume of 86,441 shares trading hands. The stock had previously closed at $2.53.
Separately, Zacks Investment Research raised Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Wednesday, July 20th.
The stock’s 50 day moving average is $2.88 and its 200-day moving average is $3.83. The company’s market capitalization is $62.33 million.
Voxx International Corp. (NASDAQ:VOXX) last released its quarterly earnings data 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 business earned $155.50 million during the quarter. Voxx International Corp.’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) earnings per share. On average, equities research analysts predict that Voxx International Corp. will post $0.26 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Voxx International Corp. stock. Employees Retirement System of Texas raised its stake in shares of Voxx International Corp. (NASDAQ:VOXX) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 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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