KVH Industries Inc. (KVHI) Trading Up 4.1%
KVH Industries Inc. (NASDAQ:KVHI)’s share price was up 4.1% during mid-day trading on Thursday . The stock traded as high as $8.95 and last traded at $8.95, with a volume of 97,135 shares traded. The stock had previously closed at $8.60.
Several equities analysts have recently issued reports on KVHI shares. 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 research report on Monday, May 9th. Chardan Capital lowered KVH Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Zacks Investment Research raised KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, May 12th.
The firm’s market capitalization is $146.60 million. The company has a 50 day moving average of $8.62 and a 200-day moving average of $8.70.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. During the same period last year, the company earned $0.13 EPS. The business earned $46 million during the quarter, compared to the consensus estimate of $44.52 million. The business’s revenue was up 2.4% compared to the same quarter last year. Analysts predict that KVH Industries Inc. will post $0.61 earnings per share for the current fiscal year.
In other KVH Industries news, CFO John Francis Mccarthy, Jr. acquired 8,700 shares of the business’s stock in a transaction on Friday, August 19th. The shares were bought at an average price of $8.68 per share, with a total value of $75,516.00. Following the transaction, the chief financial officer now directly owns 1,800 shares of the company’s stock, valued at approximately $15,624. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.