Vox Royalty (NASDAQ:VOXR) Lowered to "Sell (D+)" Rating by Weiss Ratings

Key Points

• Vox Royalty has been downgraded from a "hold (c-)" to a "sell (d+)" rating by Weiss Ratings, indicating a negative outlook for the company's stock.
• Despite the downgrade, Vox Royalty's stock experienced a 6.1% increase in trading, reaching $4.50 on Wednesday, with significant trading volume.
• In its latest earnings report, the company reported a loss of ($0.01) per share, missing analyst expectations and showing a negative net margin of 16.92%.

Vox Royalty (NASDAQ:VOXR - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

Vox Royalty Trading Up 6.1%

NASDAQ VOXR traded up $0.26 during trading hours on Wednesday, hitting $4.50. The company's stock had a trading volume of 1,086,514 shares, compared to its average volume of 339,933. The stock has a fifty day moving average of $3.60 and a 200 day moving average of $3.37. Vox Royalty has a twelve month low of $2.21 and a twelve month high of $4.66. The firm has a market capitalization of $229.01 million, a P/E ratio of -112.50 and a beta of 0.38. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.28.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Vox Royalty had a negative net margin of 16.92% and a negative return on equity of 4.23%. The business had revenue of $2.77 million during the quarter, compared to analyst estimates of $3.44 million. Equities research analysts forecast that Vox Royalty will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vox Royalty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Vox Royalty during the second quarter worth $31,000. Ridgewood Investments LLC bought a new position in shares of Vox Royalty during the second quarter worth $44,000. Caitlin John LLC bought a new position in shares of Vox Royalty during the second quarter worth $47,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Vox Royalty during the first quarter worth $50,000. Finally, Diversify Advisory Services LLC bought a new stake in Vox Royalty in the 2nd quarter valued at $60,000. 45.95% of the stock is owned by institutional investors.

About Vox Royalty

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.

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