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

A number of research firms recently weighed in on KVHI. Needham & Company LLC decreased their price target on KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, May 9th. Chardan Capital downgraded KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, March 15th.

The stock has a market capitalization of $122.75 million and a PE ratio of 151.84. The stock has a 50-day moving average of $8.13 and a 200 day moving average of $8.83.

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

An institutional investor recently raised its position in KVH Industries stock. Systematic Financial Management LP increased its position in KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the 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 approximately 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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