KVH Industries Inc. (NASDAQ:KVHI) hit a new 52-week low on Wednesday . The stock traded as low as $7.45 and last traded at $7.52, with a volume of 53,904 shares. The stock had previously closed at $7.58.

Several equities research analysts recently weighed in on KVHI shares. Chardan Capital reduced their price target on KVH Industries from $15.50 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, March 9th. Zacks Investment Research raised KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, May 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target (down from $14.00) on shares of KVH Industries in a research note on Friday, March 11th.

The company has a 50 day moving average of $8.15 and a 200-day moving average of $8.85. The company has a market cap of $123.91 million and a price-to-earnings ratio of 153.27.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm earned $40.40 million during the quarter, compared to analyst estimates of $42.55 million. During the same period last year, the firm earned $0.06 earnings per share. KVH Industries’s revenue was down 2.2% on a year-over-year basis. On average, analysts anticipate that KVH Industries Inc. will post $0.68 EPS for the current fiscal year.

An institutional investor recently raised its position in KVH Industries stock. Systematic Financial Management LP increased its stake in shares of KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,086,818 shares of the company’s stock after buying an additional 6,245 shares during the period. Systematic Financial Management LP owned 6.74% of KVH Industries worth $10,237,000 at the end of the most recent quarter.

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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