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

StockNews.com upgraded shares of KVH Industries (NASDAQ:KVHI) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

KVH Industries Price Performance

Shares of NASDAQ:KVHI opened at $5.01 on Wednesday. The firm has a market capitalization of $98.90 million, a price-to-earnings ratio of -6.26 and a beta of 0.66. The business’s 50 day simple moving average is $4.92 and its 200-day simple moving average is $4.92. KVH Industries has a 12 month low of $4.30 and a 12 month high of $10.20.

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 firm had revenue of $31.46 million for the quarter.

Hedge Funds Weigh In On KVH Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Roumell Asset Management LLC grew its position in shares of KVH Industries by 235.0% in the third quarter. Roumell Asset Management LLC now owns 331,653 shares of the communications equipment provider’s stock valued at $1,691,000 after purchasing an additional 232,642 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new stake in KVH Industries during the 4th quarter valued at $859,000. AMH Equity Ltd increased its position in KVH Industries by 187.2% during 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 in the last quarter. Acuitas Investments LLC purchased a new position in KVH Industries during the third quarter worth $656,000. Finally, Palogic Value Management L.P. raised its holdings 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 worth $1,413,000 after acquiring 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.