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

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. “

VOXX International Corp (NASDAQ:VOXX) traded up 4.90% during midday trading on Friday, reaching $5.35. The company’s stock had a trading volume of 113,786 shares. VOXX International Corp has a 12 month low of $2.47 and a 12 month high of $5.90. The company’s market cap is $129.26 million. The stock has a 50-day moving average price of $4.96 and a 200 day moving average price of $4.53.

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A number of hedge funds and other institutional investors have recently bought and sold shares of VOXX. Russell Investments Group Ltd. acquired a new position in VOXX International Corp during the fourth quarter worth approximately $215,000. Marquette Asset Management Inc. acquired a new position in VOXX International Corp during the first quarter worth approximately $246,000. Oppenheimer & Co. Inc. increased its position in VOXX International Corp by 32.8% in the third quarter. Oppenheimer & Co. Inc. now owns 72,800 shares of the auto parts company’s stock worth $218,000 after buying an additional 18,000 shares during the period. Two Sigma Investments LP increased its position in VOXX International Corp by 78.8% in the fourth quarter. Two Sigma Investments LP now owns 157,775 shares of the auto parts company’s stock worth $742,000 after buying an additional 69,527 shares during the period. Finally, California Public Employees Retirement System increased its position in VOXX International Corp by 11.7% in the third quarter. California Public Employees Retirement System now owns 160,800 shares of the auto parts company’s stock worth $481,000 after buying an additional 16,900 shares during the period. 58.32% of the stock is currently owned by institutional investors and hedge funds.

VOXX International Corp 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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