Voxx International Corp. (VOXX) Trading 6% Higher
Voxx International Corp. (NASDAQ:VOXX)’s share price traded up 6% on Friday . The stock traded as high as $3.05 and last traded at $3.01, with a volume of 89,567 shares changing hands. The stock had previously closed at $2.84.
Separately, Zacks Investment Research downgraded Voxx International Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st.
The firm has a 50 day moving average price of $3.05 and a 200-day moving average price of $4.08. The company’s market capitalization is $66.92 million.
Voxx International Corp. (NASDAQ:VOXX) last released its earnings results on Monday, May 16th. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.25. During the same quarter last year, the business earned ($0.60) earnings per share. The business had revenue of $169.70 million for the quarter, compared to analyst estimates of $174 million. Voxx International Corp.’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Voxx International Corp. will post $0.27 EPS for the current year.
Other hedge funds have recently made changes to their positions in the company. Strs Ohio increased its stake in shares of Voxx International Corp. by 5.6% in the fourth quarter. Strs Ohio now owns 482,900 shares of the company’s stock worth $2,540,000 after buying an additional 25,500 shares in the last quarter. Royce & Associates LLC increased its stake in shares of Voxx International Corp. by 13.2% in the fourth quarter. Royce & Associates LLC now owns 1,114,491 shares of the company’s stock worth $5,862,000 after buying an additional 129,800 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE increased its stake in shares of Voxx International Corp. by 13.1% in the fourth quarter. Kahn Brothers Group Inc. DE now owns 1,828,400 shares of the company’s stock worth $9,617,000 after buying an additional 211,880 shares in the last 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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