VOXX International Corp (VOXX) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of VOXX International Corp (NASDAQ:VOXX) from a sell rating to a hold rating in a report released on Saturday 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. “

VOXX International Corp (NASDAQ:VOXX) opened at 5.10 on Friday. The stock’s market capitalization is $123.22 million. VOXX International Corp has a 12 month low of $2.47 and a 12 month high of $5.90. The firm’s 50-day moving average is $4.64 and its 200-day moving average is $4.27.

VOXX International Corp (NASDAQ:VOXX) last posted its earnings results on Monday, January 9th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm earned $198.90 million during the quarter. VOXX International Corp had a positive return on equity of 1.22% and a negative net margin of 0.12%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, equities analysts expect that VOXX International Corp will post $0.24 earnings per share for the current fiscal year.

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In other news, Director John Adamovich, Jr. bought 11,000 shares of the stock in a transaction dated Wednesday, January 11th. The stock was purchased at an average cost of $4.50 per share, for a total transaction of $49,500.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $49,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 17.51% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of VOXX. California Public Employees Retirement System increased its position in VOXX International Corp by 11.7% in the third quarter. California Public Employees Retirement System now owns 160,800 shares of the company’s stock worth $481,000 after buying an additional 16,900 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in VOXX International Corp by 32.8% in the third quarter. Oppenheimer & Co. Inc. now owns 72,800 shares of the company’s stock worth $218,000 after buying an additional 18,000 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in VOXX International Corp during the fourth quarter worth approximately $215,000. Dimensional Fund Advisors LP increased its position in VOXX International Corp by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,788,998 shares of the company’s stock worth $8,408,000 after buying an additional 36,060 shares in the last quarter. Finally, Royce & Associates LP increased its position in VOXX International Corp by 22.9% in the fourth quarter. Royce & Associates LP now owns 1,783,875 shares of the company’s stock worth $8,384,000 after buying an additional 331,997 shares in the last quarter. Hedge funds and other institutional investors own 58.32% of the company’s stock.

About VOXX International Corp

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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