KVH Industries Inc. (KVHI) Sees Large Volume Increase
KVH Industries Inc. (NASDAQ:KVHI) saw strong trading volume on Friday . 168,330 shares traded hands during trading, an increase of 196% from the previous session’s volume of 56,812 shares.The stock last traded at $7.44 and had previously closed at $7.44.
Several equities analysts recently commented on the stock. Needham & Company LLC reduced their price objective on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, May 9th. Chardan Capital cut shares of KVH Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, March 15th.
The company has a market capitalization of $124.73 million and a price-to-earnings ratio of 154.29. The company has a 50-day moving average price of $8.12 and a 200-day moving average price of $8.82.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The firm had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $42.55 million. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities analysts expect that KVH Industries Inc. will post $0.68 earnings per share for the current year.
An institutional investor recently raised its position in KVH Industries stock. Systematic Financial Management LP increased its position in shares of KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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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