Stock in Action: VOXX International Corporation (VOXX)

Company Profile:

VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company operates in three segments, which include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices and aftermarket/OE-styled radios, among others. The Premium Audio segment designs, manufactures, distributes and markets home theater systems, high-end loudspeakers, outdoor speakers, iPod/computer speakers and business music systems, among others. The Consumer Accessories segment designs and markets remote controls; rechargeable battery packs; wireless and Bluetooth speakers; personal sound amplifiers and iPod docks/iPod sound, among others. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida.

Recent News:

Net sales for the Fiscal 2016 fourth quarter were $169.7 million compared to $169.9 million reported in the comparable year-ago period.

Fiscal 2016 net sales were $680.7 million compared to $757.5 million reported in the comparable year-ago period, a decline of $76.8 million or 10.1%.

On April 28, 2016, the company has successfully completed the refinancing of its global Revolving Credit Facility. The Company has entered into an amended and restated $140.0 million facility, with a $15.0 million sublimit for letters of credit, and the right to increase the maximum revolver amount to $175.0 million.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

VOXX’s strengths can be seen in its better solvency and better efficiency. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and in Stochastic Oscillator. RSI is increasing to 49.64. The current P/BV ratio indicates it is undervalued compared to the average P/BV ratio of the industry and the sector. We rate VOXX International Corporation (VOXX) a Strong BUY.