KVH Industries Inc. (KVHI) Shares Up 7.1%
KVH Industries Inc. (NASDAQ:KVHI) shares shot up 7.1% during mid-day trading on Friday . The company traded as high as $7.92 and last traded at $7.83, with a volume of 57,907 shares trading hands. The stock had previously closed at $7.31.
A number of brokerages have issued reports on KVHI. Needham & Company LLC cut 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 note on Monday, May 9th. Chardan Capital lowered shares of KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Zacks Investment Research upgraded shares of 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.
The firm has a market cap of $129.19 million and a PE ratio of 159.80. The firm has a 50 day moving average price of $8.02 and a 200-day moving average price of $8.75.
KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The firm had revenue of $40.40 million for the quarter, compared to analyst estimates of $42.55 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts forecast 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 boosted its position in KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 6.74% of KVH Industries worth $10,237,000 at the end of the most recent reporting period.
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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