KVH Industries (NASDAQ:KVHI) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of KVH Industries (NASDAQ:KVHI) from a sell rating to a hold rating in a report published on Tuesday.

KVH Industries Stock Down 1.8 %

Shares of KVHI opened at $4.80 on Tuesday. The company has a market capitalization of $94.32 million, a P/E ratio of -6.00 and a beta of 0.64. The firm has a 50 day moving average of $4.90 and a 200 day moving average of $4.91. KVH Industries has a twelve month low of $4.30 and a twelve month high of $10.89.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Friday, March 15th. The communications equipment provider reported ($0.16) earnings per share (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 during the quarter.

Institutional Investors Weigh In On KVH Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in KVH Industries in the fourth quarter worth approximately $54,000. Marquette Asset Management LLC purchased a new position in shares of KVH Industries during the 3rd quarter worth $135,000. Quadrature Capital Ltd boosted its stake in shares of KVH Industries by 83.9% during the 3rd quarter. Quadrature Capital Ltd now owns 37,232 shares of the communications equipment provider’s stock worth $191,000 after acquiring an additional 16,988 shares during the last quarter. Barclays PLC boosted its stake in shares of KVH Industries by 50.7% during the 3rd 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 during the last quarter. Finally, AMH Equity Ltd purchased a new position in shares of KVH Industries during the 4th quarter worth $458,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

KVH Industries Company Profile

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.