Zacks Investment Research upgraded shares of VOXX International Corporation (NASDAQ:VOXX) from a hold rating to a buy rating in a research report released on Tuesday, May 23rd. They currently have $6.50 price objective on the auto parts company’s stock.

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. “

Several other research analysts also recently commented on VOXX. Cowen and Company reaffirmed a market perform rating and set a $6.00 target price (up from $4.00) on shares of VOXX International Corporation in a report on Wednesday, May 17th. TheStreet raised VOXX International Corporation from a d rating to a c- rating in a research note on Wednesday, May 17th.

Shares of VOXX International Corporation (NASDAQ:VOXX) traded up 3.29% during midday trading on Tuesday, hitting $7.85. 2,460,069 shares of the company were exchanged. The firm has a market cap of $189.66 million, a P/E ratio of 43.61 and a beta of 0.96. The company’s 50 day moving average price is $6.50 and its 200 day moving average price is $5.24. VOXX International Corporation has a one year low of $2.47 and a one year high of $7.90.

VOXX International Corporation (NASDAQ:VOXX) last issued its quarterly earnings data on Monday, May 15th. The auto parts company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $167.39 million for the quarter, compared to the consensus estimate of $174 million. VOXX International Corporation had a return on equity of 1.84% and a net margin of 0.65%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) EPS. Equities analysts expect that VOXX International Corporation will post $0.35 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in VOXX. Kahn Brothers Group Inc. DE increased its position in VOXX International Corporation by 1.0% in the first quarter. Kahn Brothers Group Inc. DE now owns 1,763,561 shares of the auto parts company’s stock valued at $9,171,000 after buying an additional 17,700 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 in the last quarter. Algert Global LLC increased its stake in VOXX International Corporation by 5.0% in the first quarter. Algert Global LLC now owns 314,776 shares of the auto parts company’s stock valued at $1,637,000 after buying an additional 15,094 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of VOXX International Corporation by 34.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 954,796 shares of the auto parts company’s stock worth $4,965,000 after buying an additional 242,215 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of VOXX International Corporation by 1,387.4% in the first quarter. Wells Fargo & Company MN now owns 65,075 shares of the auto parts company’s stock worth $338,000 after buying an additional 60,700 shares during the period. 52.44% of the stock is owned by 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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