Shares of KVH Industries Inc. (NASDAQ:KVHI) were down 2.8% during trading on Friday . The stock traded as low as $8.52 and last traded at $8.61, with a volume of 70,700 shares. The stock had previously closed at $8.86.

Several analysts have recently commented on KVHI shares. Chardan Capital cut KVH Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, May 12th. Finally, Needham & Company LLC decreased their target price on KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, May 9th.

The stock has a market cap of $142.06 million and a price-to-earnings ratio of 175.71. The stock’s 50-day moving average is $8.28 and its 200 day moving average is $8.74.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $46 million for the quarter, compared to analyst estimates of $44.52 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that KVH Industries Inc. will post $0.66 EPS for the current fiscal year.

An institutional investor recently raised its position in KVH Industries stock. Systematic Financial Management LP boosted its stake in KVH Industries Inc. (NASDAQ:KVHI) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. 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 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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