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

Several equities research analysts have issued reports on the company. Chardan Capital downgraded 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 price target for the company in a report on Thursday, May 12th. Finally, Needham & Company LLC lowered their price target on KVH Industries from $13.00 to $12.00 and set a “buy” rating for the company in a report on Monday, May 9th.

The firm’s market capitalization is $136.24 million. The stock has a 50 day moving average of $8.28 and a 200 day moving average of $8.74.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $46 million for the quarter, compared to the consensus estimate of $44.52 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. Analysts predict 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 filing 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 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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