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

KVH Industries (NASDAQ:KVHI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

KVH Industries Stock Performance

Shares of NASDAQ KVHI opened at $5.37 on Friday. The stock has a 50 day moving average price of $4.91 and a 200 day moving average price of $4.93. The stock has a market capitalization of $105.52 million, a PE ratio of -6.71 and a beta of 0.64. KVH Industries has a 52 week low of $4.30 and a 52 week high of $11.97.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data 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 for the quarter.

Institutional Investors Weigh In On KVH Industries

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in KVH Industries by 50.7% in 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. Quadrature Capital Ltd lifted its holdings in shares of KVH Industries by 83.9% during the 3rd quarter. Quadrature Capital Ltd now owns 37,232 shares of the communications equipment provider’s stock worth $191,000 after acquiring an additional 16,988 shares during the period. Roumell Asset Management LLC boosted its position in shares of KVH Industries by 235.0% during the 3rd quarter. Roumell Asset Management LLC now owns 331,653 shares of the communications equipment provider’s stock worth $1,691,000 after acquiring an additional 232,642 shares in the last quarter. Marquette Asset Management LLC bought a new position in KVH Industries in the third quarter valued at approximately $135,000. Finally, Orion Portfolio Solutions LLC raised its position in KVH Industries by 13.1% during the third quarter. Orion Portfolio Solutions LLC now owns 92,166 shares of the communications equipment provider’s stock valued at $470,000 after purchasing an additional 10,679 shares in the last quarter. Institutional investors 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.