VOXX International (NASDAQ:VOXX) Rating Increased to Buy at StockNews.com

VOXX International (NASDAQ:VOXX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

VOXX International Price Performance

Shares of NASDAQ VOXX traded up $0.20 during mid-day trading on Friday, reaching $6.15. 34,270 shares of the company were exchanged, compared to its average volume of 35,750. VOXX International has a 52 week low of $5.76 and a 52 week high of $13.23. The company’s 50 day moving average price is $7.73 and its 200 day moving average price is $9.01. The stock has a market capitalization of $138.99 million, a PE ratio of -3.75 and a beta of 1.38. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On VOXX International

Several institutional investors and hedge funds have recently made changes to their positions in VOXX. BNP Paribas Financial Markets boosted its holdings in VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 2,353 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of VOXX International by 650.0% during the third quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 6,500 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of VOXX International in the third quarter worth approximately $178,000. Finally, Well Done LLC increased its stake in shares of VOXX International by 902.6% in the fourth quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after buying an additional 1,568,750 shares during the period. Institutional investors own 71.00% of the company’s stock.

VOXX International Company Profile

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.