Zacks Investment Research cut shares of VOXX International Corporation (NASDAQ:VOXX) from a hold rating to a sell rating in a research note published on Tuesday morning.

According to Zacks, “VOXX International Corporation is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. The Company markets its products under the RCA, Acoustic Research and TERK brands. VOXX International Corporation, formerly known as Audiovox Corporation, is headquartered in Hauppauge, New York. “

Other analysts have also issued reports about the company. Cowen and Company reaffirmed a market perform rating and set a $6.00 target price (up from $4.00) on shares of VOXX International Corporation in a report on Wednesday, May 17th. TheStreet raised VOXX International Corporation from a d rating to a c- rating in a report on Wednesday, May 17th.

VOXX International Corporation (NASDAQ VOXX) opened at 7.75 on Tuesday. The stock’s 50 day moving average price is $7.34 and its 200-day moving average price is $6.39. The stock has a market capitalization of $187.24 million, a PE ratio of 33.70 and a beta of 0.90. VOXX International Corporation has a 52-week low of $2.50 and a 52-week high of $9.00.

VOXX International Corporation (NASDAQ:VOXX) last announced its quarterly earnings data on Monday, July 10th. The auto parts company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $159.10 million during the quarter, compared to analyst estimates of $156 million. VOXX International Corporation had a net margin of 0.83% and a return on equity of 1.45%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. On average, equities analysts expect that VOXX International Corporation will post $0.25 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in VOXX International Corporation by 0.6% during the second quarter. Royal Bank of Canada now owns 23,250 shares of the auto parts company’s stock worth $190,000 after acquiring an additional 150 shares during the period. Bank of New York Mellon Corp grew its holdings in VOXX International Corporation by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 27,847 shares of the auto parts company’s stock worth $144,000 after acquiring an additional 640 shares during the period. Brandes Investment Partners LP grew its holdings in VOXX International Corporation by 12.8% during the first quarter. Brandes Investment Partners LP now owns 42,617 shares of the auto parts company’s stock worth $222,000 after acquiring an additional 4,833 shares during the period. UBS Group AG grew its holdings in VOXX International Corporation by 45.9% during the first quarter. UBS Group AG now owns 24,853 shares of the auto parts company’s stock worth $129,000 after acquiring an additional 7,814 shares during the period. Finally, Vanguard Group Inc. grew its holdings in VOXX International Corporation by 0.8% during the second quarter. Vanguard Group Inc. now owns 983,934 shares of the auto parts company’s stock worth $8,068,000 after acquiring an additional 8,155 shares during the period. 59.04% of the stock is currently owned by hedge funds and other institutional investors.

VOXX International Corporation Company Profile

VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.

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