Shares of KVH Industries Inc. (NASDAQ:KVHI) were down 4.6% during mid-day trading on Monday . The stock traded as low as $8.54 and last traded at $8.69, with a volume of 64,873 shares traded. The stock had previously closed at $9.11.

Several analysts have issued reports on KVHI shares. Chardan Capital downgraded shares of KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, May 12th. Finally, Needham & Company LLC reduced their target price 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.

The company has a market cap of $143.38 million and a price-to-earnings ratio of 177.35. The company has a 50-day moving average price of $8.08 and a 200 day moving average price of $8.71.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (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 quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, equities research analysts anticipate 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 raised its stake in shares of KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent Form 13F 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 about 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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