VOXX International (NASDAQ:VOXX) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

VOXX International Co. (NASDAQ:VOXX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.75 and traded as high as $7.02. VOXX International shares last traded at $6.77, with a volume of 99,413 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VOXX International from a “sell” rating to a “hold” rating in a research note on Monday, October 14th.

VOXX International Stock Down 4.6 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05. The business has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $4.75.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $92.49 million for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%.

Insider Transactions at VOXX International

In related news, Director Beat Kahli sold 20,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 95.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 49.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of VOXX International by 72.7% during the first 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 in the last quarter. State Street Corp increased its stake in VOXX International by 5.4% during the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after purchasing an additional 2,700 shares in the last quarter. Empowered Funds LLC raised its holdings in VOXX International by 8.0% in the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after buying an additional 4,900 shares during the last quarter. Moors & Cabot Inc. raised its holdings in VOXX International by 6.1% in the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock worth $886,000 after buying an additional 8,000 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of VOXX International in the second quarter worth approximately $44,000. 71.00% of the stock is owned by hedge funds and other institutional investors.

About VOXX International

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.