Voxx International Corp. (VOXX) Trading Down 2.5%
Voxx International Corp. (NASDAQ:VOXX) shares dropped 2.5% on Thursday . The stock traded as low as $2.67 and last traded at $2.68, with a volume of 74,641 shares traded. The stock had previously closed at $2.75.
Separately, Zacks Investment Research cut shares of Voxx International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.
The stock’s market cap is $65.96 million. The firm has a 50 day moving average price of $3.02 and a 200-day moving average price of $4.00.
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 analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $155.50 million for the quarter. During the same quarter last year, the company posted ($0.03) earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Voxx International Corp. will post $0.26 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LLC raised its stake in 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. Employees Retirement System of Texas raised its stake in Voxx International Corp. by 63.4% in the fourth quarter. Employees Retirement System of Texas now owns 366,000 shares of the company’s stock worth $1,925,000 after buying an additional 142,000 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE raised its stake in 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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