Insider Buying: VOXX International Co. (NASDAQ:VOXX) CEO Acquires 9,000 Shares of Stock

VOXX International Co. (NASDAQ:VOXXGet Rating) CEO Patrick M. Lavelle bought 9,000 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average price of $7.42 per share, for a total transaction of $66,780.00. Following the completion of the acquisition, the chief executive officer now owns 540,740 shares in the company, valued at $4,012,290.80. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

VOXX International Stock Performance

VOXX stock opened at $7.07 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $8.77 and its 200-day moving average price is $8.73. VOXX International Co. has a one year low of $5.85 and a one year high of $13.41.

VOXX International (NASDAQ:VOXXGet Rating) last announced its earnings results on Monday, July 11th. The auto parts company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $128.73 million during the quarter. VOXX International had a negative net margin of 5.03% and a negative return on equity of 8.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VOXX shares. StockNews.com upgraded VOXX International from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. TheStreet cut VOXX International from a “c-” rating to a “d+” rating in a report on Wednesday, June 1st. Finally, DA Davidson lowered their target price on VOXX International from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th.

Institutional Trading of VOXX International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in VOXX International by 151.0% in the first quarter. Victory Capital Management Inc. now owns 19,006 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 11,433 shares during the period. Essex Investment Management Co. LLC raised its position in VOXX International by 4.9% in the first quarter. Essex Investment Management Co. LLC now owns 184,170 shares of the auto parts company’s stock valued at $1,836,000 after purchasing an additional 8,535 shares during the period. Commonwealth Equity Services LLC raised its position in VOXX International by 12.4% in the second quarter. Commonwealth Equity Services LLC now owns 29,701 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 3,285 shares during the period. AMH Equity Ltd acquired a new position in shares of VOXX International in the second quarter worth $580,000. Finally, Annex Advisory Services LLC acquired a new position in shares of VOXX International in the second quarter worth $120,000. Hedge funds and other institutional investors own 61.05% of the company’s stock.

About VOXX International

(Get Rating)

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.

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Insider Buying and Selling by Quarter for VOXX International (NASDAQ:VOXX)

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