Voxx International Corp. (VOXX) Stock Price Up 4.2%
Voxx International Corp. (NASDAQ:VOXX) shares rose 4.2% during mid-day trading on Friday . The company traded as high as $2.75 and last traded at $2.73, with a volume of 142,620 shares trading hands. The stock had previously closed at $2.62.
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 research note on Wednesday, July 20th.
The firm has a 50-day moving average of $2.77 and a 200-day moving average of $3.72. The stock’s market capitalization is $64.51 million.
Voxx International Corp. (NASDAQ:VOXX) last released its earnings results on Monday, July 11th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.08. The firm earned $155.50 million during the quarter. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts forecast 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 boosted its position in shares of Voxx International Corp. (NASDAQ:VOXX) by 63.4% during the fourth quarter, according to its most recent Form 13F filing with the 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 1.51% of Voxx International Corp. worth $1,925,000 at the end of the most recent 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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