Wed Nov 06 15:46:12 UTC 2024: ## VOXX International Stock Surges, Passes 200-Day Moving Average

**Sioux Falls, SD** – VOXX International Co. (NASDAQ:VOXX) saw its stock price climb above its 200-day moving average on Monday, reaching a high of $7.95. The stock closed the day at $7.87, with a volume of 113,885 shares traded. This surge in price comes amidst a backdrop of recent positive developments for the auto parts company.

StockNews.com upgraded VOXX International from a “sell” rating to a “hold” rating on Monday, October 14th, a move that signals potential growth for the company. The company’s recent quarterly earnings report, released on October 10th, showed a $0.10 EPS for the quarter with a revenue of $92.49 million. While the company reported negative net margin and return on equity, the positive stock movement suggests investor confidence in the company’s future performance.

Further contributing to the stock’s upward trend is the recent acquisition of 3,152,500 shares of VOXX stock by major shareholder Corp Gentex on August 23rd. This transaction, valued at $15,762,500.00, represents a significant investment in the company and signifies the insider’s belief in its future prospects.

However, despite these positive developments, it is worth noting that VOXX International currently holds a “hold” rating among analysts. While the company’s recent performance and insider activity suggest potential for growth, it remains to be seen if VOXX can sustain its upward trajectory in the long term.

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