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Voxx International execs to ring Nasdaq closing bell
Voxx International Corp., a Hauppauge company that makes consumer electronics, will be ringing in the anniversary for its 25th year as publicly traded company Tuesday afternoon.
The company's chief executive Patrick Lavelle and chairman John Shalam will be at the Nasdaq stock exchange in Times Square to ring the closing bell at 4 p.m., which indicates the closing of the trading day.
Voxx was founded by Shalam in 1967 as a maker of car stereos; the company later expanded its product range. The company went public in 1987 and traded on the American Stock Exchange before moving to the Nasdaq in 2000. Based on the stock price at market close Monday, the company has a market value of around $151.15 million.
The ringing of the bell will be broadcast on financial news stations CNBC and Bloomberg TV.