KVH Industries Inc. (NASDAQ:KVHI) saw unusually-strong trading volume on Monday . Approximately 61,376 shares traded hands during trading, a decline of 10% from the previous session’s volume of 68,218 shares.The stock last traded at $8.15 and had previously closed at $7.83.

A number of research analysts have issued reports on KVHI shares. Chardan Capital lowered their price objective on KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 6th. Needham & Company LLC lowered their price objective on KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, May 9th. Finally, Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, May 12th.

The firm has a market capitalization of $133.64 million and a PE ratio of 165.31. The firm has a 50-day moving average of $8.01 and a 200-day moving average of $8.73.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm earned $40.40 million during the quarter, compared to analysts’ expectations of $42.55 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts expect that KVH Industries Inc. will post $0.68 EPS for the current fiscal year.

A hedge fund recently raised its stake in KVH Industries stock. Systematic Financial Management LP raised its stake in 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 firm 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 approximately 6.74% of KVH Industries worth $10,237,000 at the end of the most recent reporting period.

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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