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.
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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.
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