KVH Industries (NASDAQ:KVHI) Downgraded to Sell at StockNews.com

KVH Industries (NASDAQ:KVHIGet Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

KVH Industries Stock Up 0.2 %

Shares of KVHI stock opened at $5.37 on Friday. The company has a 50 day moving average price of $4.91 and a 200-day moving average price of $4.93. KVH Industries has a 52 week low of $4.30 and a 52 week high of $11.97. The firm has a market capitalization of $105.52 million, a PE ratio of -6.71 and a beta of 0.64.

KVH Industries (NASDAQ:KVHIGet Free Report) last announced its quarterly earnings results on Friday, March 15th. The communications equipment provider reported ($0.16) EPS for the quarter. The company had revenue of $31.46 million during the quarter. KVH Industries had a negative return on equity of 0.15% and a negative net margin of 11.69%.

Institutional Trading of KVH Industries

Large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in KVH Industries by 50.7% during the third quarter. Barclays PLC now owns 51,117 shares of the communications equipment provider’s stock valued at $261,000 after buying an additional 17,193 shares during the period. Quadrature Capital Ltd lifted its holdings in KVH Industries by 83.9% during the third quarter. Quadrature Capital Ltd now owns 37,232 shares of the communications equipment provider’s stock valued at $191,000 after purchasing an additional 16,988 shares in the last quarter. Roumell Asset Management LLC lifted its holdings in KVH Industries by 235.0% during the third quarter. Roumell Asset Management LLC now owns 331,653 shares of the communications equipment provider’s stock valued at $1,691,000 after purchasing an additional 232,642 shares in the last quarter. Marquette Asset Management LLC purchased a new position in KVH Industries during the third quarter valued at approximately $135,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in KVH Industries by 13.1% during the third quarter. Orion Portfolio Solutions LLC now owns 92,166 shares of the communications equipment provider’s stock valued at $470,000 after purchasing an additional 10,679 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.

KVH Industries Company Profile

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KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.

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