KVH Industries Inc. (KVHI) Trading 4.1% Higher
KVH Industries Inc. (NASDAQ:KVHI) traded up 4.1% during trading on Thursday . The company traded as high as $8.95 and last traded at $8.95, with a volume of 97,135 shares. The stock had previously closed at $8.60.
A number of equities research analysts have recently commented on the company. Needham & Company LLC lowered their target price on 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 cut KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, May 12th.
The stock’s market capitalization is $144.78 million. The firm has a 50 day moving average of $8.66 and a 200 day moving average of $8.70.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm earned $46 million during the quarter, compared to analysts’ expectations of $44.52 million. KVH Industries’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts forecast that KVH Industries Inc. will post $0.61 earnings per share for the current year.
In other news, CFO John Francis Mccarthy, Jr. purchased 8,700 shares of KVH Industries stock in a transaction that occurred on Friday, August 19th. The shares were bought at an average cost of $8.68 per share, with a total value of $75,516.00. Following the completion of the purchase, the chief financial officer now directly owns 1,800 shares in the company, valued at $15,624. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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