KVH Industries Inc. (NASDAQ:KVHI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.31 and last traded at $7.35, with a volume of 40,000 shares traded. The stock had previously closed at $7.48.

A number of equities research analysts have issued reports on the company. Chardan Capital decreased their target price on KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 6th. Zacks Investment Research cut KVH Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Needham & Company LLC decreased their target price on KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, May 9th.

The firm’s 50 day moving average is $8.02 and its 200-day moving average is $8.75. The firm has a market capitalization of $129.19 million and a P/E ratio of 159.80.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm earned $40.40 million during the quarter, compared to the consensus estimate of $42.55 million. KVH Industries’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts anticipate that KVH Industries Inc. will post $0.68 EPS for the current fiscal 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 filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the SEC.

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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