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

VOXX International Corp (NASDAQ:VOXX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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) traded up 5.88% during midday trading on Friday, reaching $5.40. The company’s stock had a trading volume of 116,672 shares. The stock’s market capitalization is $130.46 million. VOXX International Corp has a 52-week low of $2.47 and a 52-week high of $5.90. The firm has a 50-day moving average price of $4.96 and a 200 day moving average price of $4.53.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in VOXX. Two Sigma Investments LP raised its position in VOXX International Corp by 78.8% in the fourth quarter. Two Sigma Investments LP now owns 157,775 shares of the auto parts company’s stock worth $742,000 after buying an additional 69,527 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in VOXX International Corp during the fourth quarter worth $215,000. Ancora Advisors LLC increased its stake in VOXX International Corp by 9.2% in the fourth quarter. Ancora Advisors LLC now owns 214,096 shares of the auto parts company’s stock worth $1,006,000 after buying an additional 18,000 shares during the period. Royce & Associates LP increased its stake in VOXX International Corp by 22.9% in the fourth quarter. Royce & Associates LP now owns 1,783,875 shares of the auto parts company’s stock worth $8,384,000 after buying an additional 331,997 shares during the period. Finally, Marquette Asset Management Inc. bought a new stake in VOXX International Corp during the first quarter worth about $246,000. 58.32% of the stock is currently owned by institutional investors.

VOXX International Corp 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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