The Voxx International Corp. (VOXX) Trading 31.4% Higher After Better-Than-Expected Earnings

The Voxx International Corp. (VOXX) Trading 31.4% Higher  After Better-Than-Expected Earnings

Voxx International Corp. (NASDAQ:VOXX) shot up 31.4% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $3.55 and last traded at $3.35, with a volume of 1,597,070 shares trading hands. The stock had previously closed at $2.55.

The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.13. Voxx International Corp. had a net margin of 0.17% and a return on equity of 1.08%. The firm earned $159.30 million during the quarter. During the same period last year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.

Separately, Zacks Investment Research raised shares of Voxx International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

In other Voxx International Corp. news, insider Patrick M. Lavelle acquired 16,154 shares of Voxx International Corp. stock in a transaction dated Thursday, August 25th. The stock was bought at an average price of $3.04 per share, for a total transaction of $49,108.16. Following the transaction, the insider now owns 55,299 shares in the company, valued at approximately $168,108.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ari Shalam acquired 13,333 shares of Voxx International Corp. stock in a transaction dated Tuesday, October 4th. The shares were acquired at an average price of $2.99 per share, with a total value of $39,865.67. Following the transaction, the director now owns 7,734 shares in the company, valued at approximately $23,124.66. The disclosure for this purchase can be found here. Insiders own 17.51% of the company’s stock.

Several institutional investors have recently bought and sold shares of VOXX. Royce & Associates LP raised its position in Voxx International Corp. by 4.7% in the first quarter. Royce & Associates LP now owns 1,166,991 shares of the company’s stock valued at $5,216,000 after buying an additional 52,500 shares during the period. Spark Investment Management LLC raised its position in Voxx International Corp. by 134.4% in the first quarter. Spark Investment Management LLC now owns 134,800 shares of the company’s stock valued at $602,000 after buying an additional 77,300 shares during the period. Geode Capital Management LLC boosted its position in shares of Voxx International Corp. by 5.7% in the first quarter. Geode Capital Management LLC now owns 118,598 shares of the company’s stock valued at $530,000 after buying an additional 6,434 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Voxx International Corp. by 307.5% in the first quarter. Renaissance Technologies LLC now owns 59,900 shares of the company’s stock valued at $268,000 after buying an additional 45,200 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Voxx International Corp. by 1.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 116,699 shares of the company’s stock valued at $522,000 after buying an additional 1,497 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

The company has a 50-day moving average of $3.03 and a 200 day moving average of $3.32. The stock’s market capitalization is $90.60 million.

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