KVH Industries, Inc. (NASDAQ:KVHI) COO Brent C. Bruun sold 2,971 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $13.73, for a total transaction of $40,791.83. Following the sale, the chief operating officer now directly owns 137,766 shares in the company, valued at approximately $1,891,527.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of KVHI opened at $13.39 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $251.21 million, a price-to-earnings ratio of -12.17 and a beta of 0.80. The business’s 50 day simple moving average is $13.80. KVH Industries, Inc. has a 12-month low of $7.38 and a 12-month high of $15.29.
KVH Industries (NASDAQ:KVHI) last announced its earnings results on Wednesday, May 5th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. KVH Industries had a negative net margin of 12.01% and a negative return on equity of 2.29%. The business had revenue of $42.29 million for the quarter, compared to analyst estimates of $41.30 million. As a group, analysts expect that KVH Industries, Inc. will post -0.53 earnings per share for the current fiscal year.
A number of research firms have weighed in on KVHI. Raymond James raised their price objective on shares of KVH Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Zacks Investment Research lowered shares of KVH Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 14th.
KVH Industries Company Profile
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software for maritime communications; and Iridium OpenPort hardware products and services.
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