Shares of Voxx International Corp. (NASDAQ:VOXX) reached a new 52-week low during trading on Friday . The stock traded as low as $2.50 and last traded at $2.51, with a volume of 118,511 shares traded. The stock had previously closed at $2.59.

Separately, Zacks Investment Research raised shares of 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.

The stock’s 50 day moving average is $2.93 and its 200 day moving average is $3.89. The company’s market capitalization is $61.12 million.

Voxx International Corp. (NASDAQ:VOXX) last issued its quarterly earnings results 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. During the same period last year, the company posted ($0.03) earnings per share. The firm had revenue of $155.50 million for the quarter. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts predict that Voxx International Corp. will post $0.26 earnings per share for the current fiscal year.

An institutional investor recently raised its position 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 approximately 1.51% of Voxx International Corp. worth $1,925,000 as of its most recent SEC filing.

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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