KVH Industries (NASDAQ:KVHI) Stock Rating Upgraded by StockNews.com

KVH Industries (NASDAQ:KVHI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Sunday.

KVH Industries Stock Performance

NASDAQ KVHI opened at $4.81 on Friday. The stock has a fifty day moving average of $4.92 and a 200-day moving average of $4.92. The stock has a market capitalization of $94.52 million, a P/E ratio of -6.01 and a beta of 0.64. KVH Industries has a 52 week low of $4.30 and a 52 week high of $11.33.

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

Institutional Investors Weigh In On KVH Industries

A number of institutional investors have recently made changes to their positions in KVHI. Acuitas Investments LLC acquired a new stake in shares of KVH Industries during the third quarter worth $656,000. Marquette Asset Management LLC bought a new position in KVH Industries during the third quarter worth about $135,000. 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 worth $470,000 after acquiring an additional 10,679 shares in the last quarter. Barclays PLC lifted its holdings in KVH Industries by 50.7% during the third quarter. Barclays PLC now owns 51,117 shares of the communications equipment provider’s stock worth $261,000 after acquiring an additional 17,193 shares in the last quarter. Finally, 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 worth $1,691,000 after acquiring an additional 232,642 shares in the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.

About KVH Industries

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.