KVH Industries Inc. (NASDAQ:KVHI) was up 7.1% during mid-day trading on Friday . The company traded as high as $7.92 and last traded at $7.83, with a volume of 57,907 shares trading hands. The stock had previously closed at $7.31.

A number of equities research analysts recently issued reports on KVHI shares. Zacks Investment Research lowered KVH Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 18th. Chardan Capital reduced their price target on KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 6th. Finally, Needham & Company LLC reduced their price target 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.

The firm has a market cap of $129.19 million and a P/E ratio of 159.80. The firm has a 50-day moving average price of $8.02 and a 200 day moving average price of $8.75.

KVH Industries (NASDAQ:KVHI) last announced its quarterly 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 prior year, the firm earned $0.06 EPS. The business had revenue of $40.40 million for the quarter, compared to the consensus estimate of $42.55 million. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that KVH Industries Inc. will post $0.68 earnings per share for the current year.

A hedge fund recently raised its stake 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 (SEC). 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 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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