Shares of KVH Industries Inc. (NASDAQ:KVHI) reached a new 52-week low on Thursday . The company traded as low as $7.31 and last traded at $7.35, with a volume of 40,000 shares trading hands. The stock had previously closed at $7.48.

KVHI has been the topic of a number of analyst reports. 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 note on Thursday, May 12th. Needham & Company LLC lowered 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. Finally, Chardan Capital reduced their price target on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 6th.

The company’s 50-day moving average price is $8.04 and its 200-day moving average price is $8.76. The stock has a market cap of $120.61 million and a PE ratio of 149.18.

KVH Industries (NASDAQ:KVHI) last posted 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. During the same quarter in the previous year, the company posted $0.06 EPS. The company had revenue of $40.40 million for the quarter, compared to analyst estimates of $42.55 million. KVH Industries’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts predict 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 boosted its position in KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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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