StockNews.com Downgrades KVH Industries (NASDAQ:KVHI) to Sell

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

KVH Industries Stock Performance

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

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

Institutional Investors Weigh In On KVH Industries

A number of institutional investors and hedge funds have recently made changes to their positions in KVHI. BlackRock Inc. lifted its stake in shares of KVH Industries by 179.4% during the second quarter. BlackRock Inc. now owns 1,008,152 shares of the communications equipment provider’s stock valued at $9,215,000 after buying an additional 647,375 shares during the period. Roumell Asset Management LLC raised its stake in shares of KVH Industries by 235.0% in the 3rd quarter. Roumell Asset Management LLC now owns 331,653 shares of the communications equipment provider’s stock valued at $1,691,000 after acquiring an additional 232,642 shares during the period. Geode Capital Management LLC raised its stake in shares of KVH Industries by 128.9% in the 2nd quarter. Geode Capital Management LLC now owns 330,316 shares of the communications equipment provider’s stock valued at $3,019,000 after acquiring an additional 185,990 shares during the period. Twin Focus Capital Partners LLC purchased a new stake in KVH Industries during the 4th quarter worth $859,000. Finally, State Street Corp increased its stake in KVH Industries by 219.1% during the 2nd quarter. State Street Corp now owns 203,854 shares of the communications equipment provider’s stock worth $1,863,000 after buying an additional 139,974 shares during the period. 73.66% of the stock is owned by hedge funds and other institutional investors.

About KVH Industries

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.