VOXX International (VOXX) Stock Rating Upgraded by Zacks Investment Research
VOXX International (NASDAQ:VOXX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Separately, TheStreet downgraded shares of VOXX International from a “c-” rating to a “d+” rating in a research note on Tuesday, October 24th.
Shares of VOXX International (VOXX) opened at $5.65 on Wednesday. VOXX International has a fifty-two week low of $4.05 and a fifty-two week high of $9.00. The company has a current ratio of 2.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.
VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.73). The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $163.00 million. VOXX International had a negative return on equity of 3.77% and a net margin of 3.10%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. research analysts expect that VOXX International will post -0.58 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in VOXX International by 46.0% in the third quarter. Wells Fargo & Company MN now owns 253,807 shares of the auto parts company’s stock worth $2,171,000 after purchasing an additional 80,007 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in VOXX International by 32.2% in the third quarter. Oppenheimer & Co. Inc. now owns 39,000 shares of the auto parts company’s stock worth $333,000 after purchasing an additional 9,500 shares during the last quarter. Kahn Brothers Group Inc. DE lifted its stake in VOXX International by 58.2% in the third quarter. Kahn Brothers Group Inc. DE now owns 3,651,902 shares of the auto parts company’s stock worth $31,224,000 after purchasing an additional 1,343,600 shares during the last quarter. Strs Ohio lifted its stake in VOXX International by 62.0% in the third quarter. Strs Ohio now owns 38,400 shares of the auto parts company’s stock worth $328,000 after purchasing an additional 14,700 shares during the last quarter. Finally, California State Teachers Retirement System bought a new stake in VOXX International in the second quarter worth $291,000. 62.29% of the stock is owned by institutional investors and hedge funds.
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VOXX International 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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