KVH Industries (KVHI) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of KVH Industries (NASDAQ:KVHI) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “KVH Europe A/S is a wholly owned subsidiary of USA-based KVH Industries, Inc. KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than one lakhs mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices. “

KVHI has been the subject of several other research reports. Needham & Company LLC restated a buy rating on shares of KVH Industries in a research note on Friday, November 3rd. ValuEngine cut KVH Industries from a hold rating to a sell rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $10.33.

KVH Industries (NASDAQ:KVHI) opened at $11.15 on Tuesday. KVH Industries has a one year low of $7.65 and a one year high of $12.65. The company has a quick ratio of 1.80, a current ratio of 2.30 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $190.78, a price-to-earnings ratio of -11.15 and a beta of 0.76.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in KVH Industries during the second quarter valued at $108,000. Wells Fargo & Company MN increased its position in KVH Industries by 73.1% during the third quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 7,588 shares during the last quarter. SPC Financial Inc. purchased a new stake in KVH Industries during the third quarter valued at $223,000. Parametric Portfolio Associates LLC increased its position in KVH Industries by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 165 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in KVH Industries by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

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KVH Industries Company Profile

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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