KVH Industries (NASDAQ:KVHI) Upgraded to Hold at StockNews.com

KVH Industries (NASDAQ:KVHI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Sunday.

KVH Industries Trading Down 2.6 %

KVH Industries stock opened at $4.81 on Friday. The firm has a 50-day moving average of $4.92 and a 200-day moving average of $4.92. The firm has a market cap of $94.52 million, a P/E ratio of -6.01 and a beta of 0.64. KVH Industries has a 1-year low of $4.30 and a 1-year high of $11.33.

KVH Industries (NASDAQ:KVHI) last released its quarterly 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.

Hedge Funds Weigh In On KVH Industries

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of KVH Industries during the fourth quarter valued at approximately $54,000. Marquette Asset Management LLC bought a new position in shares of KVH Industries during the third quarter valued at approximately $135,000. Quadrature Capital Ltd increased its stake in shares of KVH Industries by 83.9% during the third quarter. Quadrature Capital Ltd now owns 37,232 shares of the communications equipment provider’s stock valued at $191,000 after purchasing an additional 16,988 shares in the last quarter. Barclays PLC increased its stake in shares of KVH Industries by 50.7% during the third quarter. Barclays PLC now owns 51,117 shares of the communications equipment provider’s stock valued at $261,000 after purchasing an additional 17,193 shares in the last quarter. Finally, AMH Equity Ltd bought a new position in shares of KVH Industries during the fourth quarter valued at approximately $458,000. 73.66% of the stock is owned by institutional investors.

About KVH Industries

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.