VOXX International (VOXX) Rating Increased to Hold at Zacks Investment Research

VOXX International (NASDAQ:VOXX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Separately, TheStreet lowered VOXX International from a “c-” rating to a “d+” rating in a research report on Tuesday, October 24th.

Shares of VOXX International (NASDAQ VOXX) traded down $0.05 during trading on Wednesday, reaching $5.60. The company had a trading volume of 135,100 shares, compared to its average volume of 167,268. VOXX International has a 1-year low of $4.05 and a 1-year high of $9.00. The company has a current ratio of 2.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.

VOXX International (NASDAQ:VOXX) last announced its earnings results on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.73). VOXX International had a net margin of 3.10% and a negative return on equity of 3.77%. The firm had revenue of $113.50 million during the quarter, compared to analyst estimates of $163.00 million. During the same period in the prior year, the business posted $0.12 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. research analysts forecast that VOXX International will post -0.58 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. Kahn Brothers Group Inc. DE increased its holdings in shares of VOXX International by 58.2% during the 3rd quarter. Kahn Brothers Group Inc. DE now owns 3,651,902 shares of the auto parts company’s stock worth $31,224,000 after acquiring an additional 1,343,600 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of VOXX International by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,847,067 shares of the auto parts company’s stock worth $9,605,000 after acquiring an additional 58,069 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of VOXX International by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 983,934 shares of the auto parts company’s stock worth $8,068,000 after acquiring an additional 8,155 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of VOXX International by 46.0% during the 3rd quarter. Wells Fargo & Company MN now owns 253,807 shares of the auto parts company’s stock worth $2,171,000 after acquiring an additional 80,007 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of VOXX International by 301.0% during the 2nd quarter. Northern Trust Corp now owns 231,389 shares of the auto parts company’s stock worth $1,898,000 after acquiring an additional 173,683 shares during the last quarter. 62.29% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “VOXX International (VOXX) Rating Increased to Hold at Zacks Investment Research” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/12/13/voxx-international-voxx-rating-increased-to-hold-at-zacks-investment-research.html.

VOXX International 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.

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