KVH Industries Upgraded to “Buy” by Thomson Reuters/Verus (KVHI)
KVH Industries (NASDAQ:KVHI) was upgraded by analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, AR Network reports.
Separately, analysts at Chardan Capital initiated coverage on shares of KVH Industries in a research note to investors on Wednesday, September 11th. They set a “buy” rating and a $16.00 price target on the stock.
In other KVH Industries news, VP Van Heyningen Robert Wb Kits sold 5,000 shares of the stock on the open market in a transaction dated Monday, September 23rd. The stock was sold at an average price of $13.84, for a total transaction of $69,200.00. Following the transaction, the vice president now directly owns 229,079 shares in the company, valued at approximately $3,170,453. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of KVH Industries (NASDAQ:KVHI) traded down 2.92% during mid-day trading on Monday, hitting $13.30. 13,712 shares of the company’s stock traded hands. KVH Industries has a 52 week low of $10.38 and a 52 week high of $15.00. The stock has a 50-day moving average of $13.3 and a 200-day moving average of $13.36. The company has a market cap of $207.1 million and a P/E ratio of 26.25.
KVH Industries (NASDAQ:KVHI) last released its earnings data on Wednesday, July 31st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $39.31 million. During the same quarter last year, the company posted $0.03 earnings per share. KVH Industries’s revenue was up 35.0% compared to the same quarter last year.
KVH Industries, Inc (NASDAQ:KVHI) is a manufacturer of solutions that provide global high-speed Internet, television, and voice services via satellite to mobile users at sea, on land, and in the air.
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