Cowen and Company reaffirmed their hold rating on shares of VOXX International Corporation (NASDAQ:VOXX) in a research note published on Friday. Cowen and Company currently has a $7.00 target price on the auto parts company’s stock.
VOXX has been the subject of several other reports. Zacks Investment Research downgraded VOXX International Corporation from a hold rating to a sell rating in a report on Thursday, April 13th. TheStreet raised VOXX International Corporation from a d rating to a c- rating in a report on Wednesday, May 17th.
VOXX International Corporation (VOXX) traded up 2.34% during mid-day trading on Friday, reaching $6.55. The company had a trading volume of 483,926 shares. The stock’s 50-day moving average is $6.81 and its 200 day moving average is $5.40. The firm has a market capitalization of $158.25 million, a P/E ratio of 28.48 and a beta of 0.95. VOXX International Corporation has a 12 month low of $2.47 and a 12 month high of $9.00.
VOXX International Corporation (NASDAQ:VOXX) last announced its earnings results on Monday, July 10th. The auto parts company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.06. VOXX International Corporation had a net margin of 0.83% and a return on equity of 1.45%. The company had revenue of $159.10 million for the quarter, compared to analysts’ expectations of $156 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that VOXX International Corporation will post $0.25 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its position in VOXX International Corporation by 45.9% in the first quarter. UBS Group AG now owns 24,853 shares of the auto parts company’s stock valued at $129,000 after buying an additional 7,814 shares during the last quarter. Bank of New York Mellon Corp raised its position in VOXX International Corporation by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 27,847 shares of the auto parts company’s stock valued at $144,000 after buying an additional 640 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in VOXX International Corporation during the fourth quarter valued at $215,000. Brandes Investment Partners LP raised its position in VOXX International Corporation by 12.8% in the first quarter. Brandes Investment Partners LP now owns 42,617 shares of the auto parts company’s stock valued at $222,000 after buying an additional 4,833 shares during the last quarter. Finally, Marquette Asset Management Inc. acquired a new position in VOXX International Corporation during the first quarter valued at $246,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
About VOXX International Corporation
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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