VOXX International Corporation (NASDAQ:VOXX) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Tuesday.
A number of other equities research analysts have also weighed in on VOXX. Cowen and Company restated a “hold” rating and set a $7.00 price target on shares of VOXX International Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered VOXX International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
VOXX International Corporation (NASDAQ VOXX) opened at 6.50 on Tuesday. The company has a market cap of $157.17 million, a PE ratio of 7.94 and a beta of 0.91. VOXX International Corporation has a 1-year low of $3.80 and a 1-year high of $9.00. The firm’s 50-day moving average is $7.76 and its 200 day moving average is $7.08.
VOXX International Corporation (NASDAQ:VOXX) last issued its quarterly earnings results on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.73). VOXX International Corporation had a negative return on equity of 3.77% and a net margin of 3.10%. The business had revenue of $113.50 million for the quarter, compared to analysts’ expectations of $163.00 million. During the same quarter in the previous year, the firm posted $0.12 EPS. VOXX International Corporation’s revenue was down 4.1% on a year-over-year basis. Analysts predict that VOXX International Corporation will post ($0.58) earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new stake in shares of VOXX International Corporation during the second quarter worth about $102,000. GSA Capital Partners LLP acquired a new stake in shares of VOXX International Corporation during the second quarter worth about $125,000. UBS Group AG lifted its holdings in shares of VOXX International Corporation by 45.9% during the first quarter. UBS Group AG now owns 24,853 shares of the auto parts company’s stock worth $129,000 after purchasing an additional 7,814 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of VOXX International Corporation during the second quarter worth about $129,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of VOXX International Corporation by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 27,847 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 640 shares during the period. 59.23% of the stock is owned by hedge funds and other institutional investors.
VOXX International Corporation 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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