KVH Industries (NASDAQ:KVHI) Lowered to “Sell” at StockNews.com

KVH Industries (NASDAQ:KVHI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

KVH Industries Trading Up 0.2 %

Shares of KVH Industries stock opened at $5.37 on Friday. The firm has a fifty day simple moving average of $4.91 and a 200-day simple moving average of $4.93. KVH Industries has a 1-year low of $4.30 and a 1-year high of $11.97. The stock has a market capitalization of $105.52 million, a price-to-earnings ratio of -6.71 and a beta of 0.64.

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

Institutional Trading of KVH Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in KVH Industries during the first quarter worth $38,000. California State Teachers Retirement System bought a new stake in KVH Industries in the 2nd quarter valued at $57,000. BNP Paribas Arbitrage SNC increased its holdings in shares of KVH Industries by 7,440.2% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 6,560 shares of the communications equipment provider’s stock worth $60,000 after purchasing an additional 6,473 shares during the period. Bank of America Corp DE raised its position in shares of KVH Industries by 38.3% during the first quarter. Bank of America Corp DE now owns 6,665 shares of the communications equipment provider’s stock valued at $76,000 after buying an additional 1,846 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of KVH Industries by 7,222.2% during the second quarter. Wells Fargo & Company MN now owns 7,249 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 7,150 shares during the last quarter. Institutional investors and hedge funds 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.