KVH Industries Inc. (KVHI) Stock Price Down 1.2%
KVH Industries Inc. (NASDAQ:KVHI) traded down 1.2% during trading on Friday . The company traded as low as $8.70 and last traded at $8.77, with a volume of 57,960 shares. The stock had previously closed at $8.88.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of KVH Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 7th. Chardan Capital cut shares of KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Needham & Company LLC decreased 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 note on Monday, May 9th.
The stock’s 50 day moving average is $8.66 and its 200-day moving average is $8.70. The company’s market cap is $144.78 million.
KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. During the same quarter last year, the company earned $0.13 EPS. The company had revenue of $46 million for the quarter, compared to analyst estimates of $44.52 million. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that KVH Industries Inc. will post $0.61 EPS for the current year.
In related news, CFO John Francis Mccarthy, Jr. acquired 8,700 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were purchased at an average price of $8.68 per share, for a total transaction of $75,516.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,800 shares in the company, valued at approximately $15,624. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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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