Shares of KVH Industries, Inc. (NASDAQ:KVHI) hit a new 52-week high during trading on Monday . The company traded as high as $12.75 and last traded at $12.60, with a volume of 43738 shares changing hands. The stock had previously closed at $12.50.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded KVH Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine upgraded KVH Industries from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
The firm has a market capitalization of $218.84 million, a PE ratio of -96.15 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.04 and a quick ratio of 1.57.
KVH Industries (NASDAQ:KVHI) last released its earnings results on Monday, May 7th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). KVH Industries had a negative return on equity of 0.92% and a negative net margin of 6.28%. The business had revenue of $40.10 million for the quarter, compared to analyst estimates of $39.17 million. equities analysts expect that KVH Industries, Inc. will post -0.1 earnings per share for the current fiscal year.
In related news, CEO Van Heyningen Martin Kits sold 3,395 shares of the company’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $10.35, for a total transaction of $35,138.25. Following the sale, the chief executive officer now owns 630,741 shares in the company, valued at $6,528,169.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 7,639 shares of company stock worth $79,539 in the last quarter. 9.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. First Republic Investment Management Inc. bought a new stake in KVH Industries during the first quarter worth about $138,000. Canandaigua National Bank & Trust Co. acquired a new position in KVH Industries during the first quarter worth approximately $159,000. Millennium Management LLC acquired a new position in KVH Industries during the fourth quarter worth approximately $196,000. Wells Fargo & Company MN increased its position in KVH Industries by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 26,084 shares of the communications equipment provider’s stock worth $270,000 after buying an additional 8,112 shares during the last quarter. Finally, Burney Co. acquired a new position in KVH Industries during the fourth quarter worth approximately $303,000. Institutional investors and hedge funds own 54.61% of the company’s stock.
About KVH Industries
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products, including satellite TV antennas; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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