KVH Industries (NASDAQ:KVHI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, October 18th. Needham & Company LLC reissued a “buy” rating on shares of KVH Industries in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.67.

KVH Industries (KVHI) traded down $0.40 during mid-day trading on Tuesday, reaching $9.80. 28,011 shares of the company traded hands, compared to its average volume of 64,293. KVH Industries has a 1-year low of $7.65 and a 1-year high of $12.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80.

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in KVH Industries by 1.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 400 shares during the last quarter. Outfitter Advisors LTD. lifted its stake in KVH Industries by 11.9% during the third quarter. Outfitter Advisors LTD. now owns 234,948 shares of the communications equipment provider’s stock valued at $2,070,000 after buying an additional 24,930 shares in the last quarter. Venator Capital Management Ltd. purchased a new stake in KVH Industries during the third quarter valued at about $2,776,000. State Street Corp lifted its stake in KVH Industries by 1.3% during the fourth quarter. State Street Corp now owns 253,088 shares of the communications equipment provider’s stock valued at $2,986,000 after buying an additional 3,338 shares in the last quarter. Finally, Harber Asset Management LLC lifted its stake in KVH Industries by 7.1% during the third quarter. Harber Asset Management LLC now owns 482,201 shares of the communications equipment provider’s stock valued at $4,248,000 after buying an additional 31,868 shares in the last quarter. 56.46% of the stock is owned by institutional investors.

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About KVH Industries

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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