VOXX International (NASDAQ:VOXX) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

VOXX International Co. (NASDAQ:VOXX)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.04 and traded as high as $7.36. VOXX International shares last traded at $7.36, with a volume of 122,093 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of VOXX International in a report on Wednesday. They issued a “hold” rating on the stock.

VOXX International Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10. The company’s 50 day moving average price is $7.45 and its 200 day moving average price is $6.04. The company has a market cap of $165.60 million, a price-to-earnings ratio of -6.63 and a beta of 1.24.

Institutional Investors Weigh In On VOXX International

Several institutional investors and hedge funds have recently made changes to their positions in VOXX. Well Done LLC boosted its stake in shares of VOXX International by 95.2% in the 3rd quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after purchasing an additional 3,152,500 shares in the last quarter. Tenzing Global Management LLC acquired a new position in VOXX International during the 3rd quarter worth about $6,201,000. Squarepoint Ops LLC acquired a new position in VOXX International during the 2nd quarter worth about $130,000. Marquette Asset Management LLC lifted its position in VOXX International by 60.0% during the 3rd quarter. Marquette Asset Management LLC now owns 78,176 shares of the auto parts company’s stock worth $497,000 after buying an additional 29,326 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in VOXX International by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock worth $637,000 after buying an additional 28,982 shares in the last quarter. Institutional investors and hedge funds 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. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.