VOXX International Corp (NASDAQ:VOXX)’s stock price traded down 8.2% during mid-day trading on Wednesday . The company traded as low as $3.74 and last traded at $3.90, 530,700 shares changed hands during mid-day trading. An increase of 532% from the average session volume of 83,941 shares. The stock had previously closed at $4.25.
Separately, ValuEngine lowered shares of VOXX International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 3rd.
The company has a quick ratio of 1.50, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $102.23 million, a price-to-earnings ratio of -2.31 and a beta of 1.18. The company’s 50-day moving average is $3.12 and its 200-day moving average is $4.20.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in VOXX International by 14.2% in the fourth quarter. Renaissance Technologies LLC now owns 516,122 shares of the auto parts company’s stock valued at $2,261,000 after acquiring an additional 64,079 shares during the last quarter. Ancora Advisors LLC grew its position in VOXX International by 11.2% in the third quarter. Ancora Advisors LLC now owns 286,121 shares of the auto parts company’s stock valued at $1,345,000 after purchasing an additional 28,730 shares in the last quarter. Moors & Cabot Inc. grew its position in VOXX International by 15.9% in the fourth quarter. Moors & Cabot Inc. now owns 239,092 shares of the auto parts company’s stock valued at $1,050,000 after purchasing an additional 32,841 shares in the last quarter. Acadian Asset Management LLC grew its position in VOXX International by 9.8% in the fourth quarter. Acadian Asset Management LLC now owns 110,837 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 9,873 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new position in VOXX International in the first quarter valued at $281,000. 46.82% of the stock is currently owned by institutional investors and hedge funds.
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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