Voxx International Corp. (VOXX) Shares Up 3.6%
Shares of Voxx International Corp. (NASDAQ:VOXX) shot up 3.6% during mid-day trading on Thursday . The company traded as high as $2.94 and last traded at $2.89, with a volume of 111,813 shares. The stock had previously closed at $2.79.
Separately, Zacks Investment Research downgraded Voxx International Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th.
The stock’s market cap is $70.06 million. The stock has a 50 day moving average price of $2.73 and a 200-day moving average price of $3.66.
Voxx International Corp. (NASDAQ:VOXX) last posted its earnings results on Monday, July 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.08. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The business earned $155.50 million during the quarter. The business’s revenue was down 5.4% compared to the same quarter last year. On average, analysts expect that Voxx International Corp. will post $0.26 earnings per share for the current year.
An institutional investor recently raised its position 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 disclosure 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 about 1.51% of Voxx International Corp. worth $1,925,000 at the end of the most recent reporting period.
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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