VOXX International (VOXX) Reaches New 1-Year Low at $4.50

Shares of VOXX International Corp (NASDAQ:VOXX) reached a new 52-week low on Thursday . The stock traded as low as $4.50 and last traded at $4.49, with a volume of 2000 shares. The stock had previously closed at $4.91.

Separately, Zacks Investment Research raised VOXX International from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th.

The firm has a market capitalization of $116.63 million, a price-to-earnings ratio of 151.00 and a beta of 0.20. The company has a quick ratio of 1.59, a current ratio of 2.95 and a debt-to-equity ratio of 0.02.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results on Thursday, October 11th. The auto parts company reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.83). The firm had revenue of $108.87 million for the quarter. VOXX International had a positive return on equity of 2.48% and a negative net margin of 0.11%. During the same period in the prior year, the firm posted ($0.03) earnings per share.

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings in VOXX International by 6.1% during the 3rd quarter. Acadian Asset Management LLC now owns 183,728 shares of the auto parts company’s stock worth $955,000 after purchasing an additional 10,499 shares during the last quarter. Raffles Associates LP lifted its holdings in VOXX International by 50.0% during the 3rd quarter. Raffles Associates LP now owns 75,000 shares of the auto parts company’s stock worth $390,000 after purchasing an additional 25,000 shares during the last quarter. Laurion Capital Management LP acquired a new stake in VOXX International during the 2nd quarter worth approximately $139,000. Alambic Investment Management L.P. increased its stake in VOXX International by 14.1% during the 2nd quarter. Alambic Investment Management L.P. now owns 213,629 shares of the auto parts company’s stock worth $1,154,000 after acquiring an additional 26,388 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in VOXX International by 79.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,950 shares of the auto parts company’s stock worth $359,000 after acquiring an additional 30,629 shares during the period. 56.95% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “VOXX International (VOXX) Reaches New 1-Year Low at $4.50” was published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thestockobserver.com/2018/12/08/voxx-international-voxx-reaches-new-1-year-low-at-4-50.html.

About VOXX International (NASDAQ:VOXX)

VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.

See Also: Dollar Cost Averaging

Receive News & Ratings for VOXX International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOXX International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply