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Audiovox Corporation (VOXX) [hlAlert]

Rating:
Buy VOXX
down 56.54 %

Audiovox Corporation (VOXX) rated Buy with price target $13 by Needham

Posted on: Friday,  May 16, 2014  12:00 AM ET by Needham

Needham rated Buy Audiovox Corporation (NASDAQ: VOXX) on 05/16/2014. Previously Needham rated Strong Buy Audiovox Corporation (NASDAQ: VOXX) on 12/06/2013.,
when the stock price was $17.72. Since then, Audiovox Corporation has lost 56.55% as of 01/13/2016's recent price of $7.70.
If you would have followed the previous Needham's recommendation on VOXX, you would have lost 56.54% of your investment in 768 days.

Audiovox Corporation (Audiovox) is an international distributor and value-added service provider in the accessory, mobile and consumer electronics industries. The Company conducts its business through seven wholly owned subsidiaries: American Radio Corp., Audiovox Accessories Corp. (AAC), Audiovox Consumer Electronics, Inc., Audiovox Electronics Corporation (AEC), Audiovox German Holdings GmbH (Audiovox Germany), Audiovox Venezuela, C.A. and Code Systems, Inc. (Code). It markets its products under the Audiovox brand name and other brand names, such as Acoustic Research, Advent, Ambico, Car Link, Chapman, Code-Alarm, Discwasher, Energizer, Heco, Incaar, Jensen, Mac Audio, Magnat, Movies2Go, Oehlbach, Phase Linear, Prestige, Pursuit, RCA, RCA Accessories, Recoton, Road Gear, Spikemaster and Terk, as well as private labels through a domestic and international distribution network.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2014 12:00 AM Buy
None
7.87 13.00
as of 10/17/2014
1 Week up  2.90 %
1 Month down  -32.76 %
3 Months down  -21.49 %
1 YTD down  -55.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/6/2013 8:25 AM Buy
None
17.72 23.00

(*) Stock Price at the time of the recommendation.
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