KVH Industries (NASDAQ:KVHI) Raised to “Buy” at Wall Street Zen

KVH Industries (NASDAQ:KVHI – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, KVH Industries has an average rating of “Sell”.

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KVH Industries Price Performance

NASDAQ KVHI opened at $10.69 on Friday. KVH Industries has a 52 week low of $5.04 and a 52 week high of $11.45. The business’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $7.34. The firm has a market cap of $208.46 million, a PE ratio of -41.12 and a beta of 0.43.

KVH Industries (NASDAQ:KVHI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $32.32 million during the quarter, compared to the consensus estimate of $30.56 million. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.

Hedge Funds Weigh In On KVH Industries

Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new position in KVH Industries in the 4th quarter valued at about $54,000. HRT Financial LP acquired a new position in KVH Industries in the 4th quarter valued at about $70,000. OMERS ADMINISTRATION Corp acquired a new position in KVH Industries in the 4th quarter valued at about $86,000. Virtu Financial LLC acquired a new position in KVH Industries in the 4th quarter valued at about $102,000. Finally, NewEdge Advisors LLC acquired a new position in KVH Industries in the 3rd quarter valued at about $90,000. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Company Profile

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KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.

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