Insider Buying: VOXX International Co. (NASDAQ:VOXX) CEO Purchases $22,413.00 in Stock

VOXX International Co. (NASDAQ:VOXXGet Rating) CEO Patrick M. Lavelle bought 3,100 shares of the company’s stock in a transaction on Monday, September 19th. The stock was purchased at an average cost of $7.23 per share, for a total transaction of $22,413.00. Following the completion of the transaction, the chief executive officer now directly owns 543,840 shares of the company’s stock, valued at approximately $3,931,963.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

VOXX International Trading Down 4.2 %

NASDAQ VOXX opened at $7.07 on Friday. VOXX International Co. has a 1-year low of $5.85 and a 1-year high of $13.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.73. The stock’s 50 day simple moving average is $8.77 and its 200-day simple moving average is $8.73.

VOXX International (NASDAQ:VOXXGet Rating) last released its earnings results on Monday, July 11th. The auto parts company reported ($0.27) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On VOXX International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP purchased a new position in shares of VOXX International during the 2nd quarter worth $61,000. Belpointe Asset Management LLC acquired a new stake in VOXX International in the 1st quarter valued at $101,000. Annex Advisory Services LLC acquired a new stake in shares of VOXX International during the second quarter valued at about $120,000. Cubist Systematic Strategies LLC bought a new position in shares of VOXX International during the second quarter worth about $128,000. Finally, PDT Partners LLC bought a new position in shares of VOXX International during the fourth quarter worth about $138,000. Institutional investors and hedge funds own 61.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VOXX. StockNews.com raised 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 decreased their price objective on VOXX International from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th.

VOXX International Company Profile

(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.

Further Reading

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

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