KVH Industries Inc. (NASDAQ:KVHI) shares dropped 1.2% during mid-day trading on Friday . The company traded as low as $8.70 and last traded at $8.77, with a volume of 57,960 shares trading hands. The stock had previously closed at $8.88.

KVHI has been the topic of a number of recent analyst reports. Chardan Capital cut their price target on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 6th. Needham & Company LLC dropped their price objective on shares of KVH Industries from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, May 9th. Finally, Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Thursday, May 12th.

The stock has a 50 day moving average of $8.66 and a 200-day moving average of $8.70. The stock’s market capitalization is $144.78 million.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm earned $46 million during the quarter, compared to analyst estimates of $44.52 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that KVH Industries Inc. will post $0.61 EPS for the current year.

In other news, CFO John Francis Mccarthy, Jr. acquired 8,700 shares of the company’s stock in a transaction on Friday, August 19th. The shares were bought at an average cost of $8.68 per share, with a total value of $75,516.00. Following the purchase, the chief financial officer now owns 1,800 shares of the company’s stock, valued at approximately $15,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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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