KVH Industries Inc. (KVHI) Sees Strong Trading Volume
Shares of KVH Industries Inc. (NASDAQ:KVHI) saw an uptick in trading volume on Friday . 168,330 shares were traded during trading, an increase of 196% from the previous session’s volume of 56,812 shares.The stock last traded at $7.44 and had previously closed at $7.44.
A number of brokerages have recently weighed in on KVHI. Needham & Company LLC reduced their price target on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, May 9th. Chardan Capital cut shares of KVH Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, March 15th.
The company has a market cap of $124.73 million and a price-to-earnings ratio of 154.29. The company’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.82.
KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data 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 business had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $42.55 million. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Equities research analysts forecast that KVH Industries Inc. will post $0.68 earnings per share for the current year.
A hedge fund recently raised its stake in KVH Industries stock. Systematic Financial Management LP boosted its position in shares of KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
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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