KVH Industries Inc. (KVHI) Sees Large Volume Increase
KVH Industries Inc. (NASDAQ:KVHI) shares saw unusually-high trading volume on Monday . Approximately 61,376 shares traded hands during trading, a decline of 10% from the previous session’s volume of 68,218 shares.The stock last traded at $8.15 and had previously closed at $7.83.
KVHI has been the subject of several recent research reports. Zacks Investment Research upgraded shares of KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, May 12th. Needham & Company LLC lowered their price target on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, May 9th. Finally, Chardan Capital lowered their price target on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 6th.
The company has a 50-day moving average of $8.01 and a 200-day moving average of $8.72. The stock has a market capitalization of $135.46 million and a price-to-earnings ratio of 167.55.
KVH Industries (NASDAQ:KVHI) last announced its earnings results on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The company had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $42.55 million. KVH Industries’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Equities research analysts expect 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 increased its stake in 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 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 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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