KVH Industries (NASDAQ:KVHI) Stock Rating Upgraded by StockNews.com

KVH Industries (NASDAQ:KVHI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

KVH Industries Stock Performance

Shares of KVH Industries stock traded down $0.09 during trading on Wednesday, hitting $5.01. 84,721 shares of the stock traded hands, compared to its average volume of 88,971. The company has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $4.92. KVH Industries has a twelve month low of $4.30 and a twelve month high of $10.20. The stock has a market cap of $98.90 million, a P/E ratio of -6.26 and a beta of 0.66.

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

Institutional Trading of KVH Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AMH Equity Ltd lifted its stake in shares of KVH Industries by 187.2% in the first quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock worth $1,275,000 after buying an additional 162,949 shares during the last quarter. Marquette Asset Management LLC lifted its position in KVH Industries by 26.6% during the 1st quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 8,503 shares during the last quarter. BNP Paribas Financial Markets lifted its position in KVH Industries by 637.6% during the 1st quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock worth $210,000 after acquiring an additional 35,557 shares during the last quarter. Twin Focus Capital Partners LLC bought a new stake in KVH Industries during the fourth quarter valued at about $859,000. Finally, Palogic Value Management L.P. grew its position in shares of KVH Industries by 77.0% in the fourth quarter. Palogic Value Management L.P. now owns 268,724 shares of the communications equipment provider’s stock valued at $1,413,000 after purchasing an additional 116,895 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.