KVH Industries (NASDAQ:KVHI) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a sell rating in a report issued on Saturday.

KVH Industries Price Performance

KVH Industries stock opened at $5.37 on Friday. The business’s fifty day simple moving average is $4.91 and its two-hundred day simple moving average is $4.93. KVH Industries has a 12 month low of $4.30 and a 12 month high of $11.97.

KVH Industries (NASDAQ:KVHI) last released 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 company had revenue of $31.46 million during the quarter.

Institutional Investors Weigh In On KVH Industries

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in KVH Industries in the first quarter worth $38,000. SG Americas Securities LLC bought a new position in shares of KVH Industries during the fourth quarter valued at $54,000. California State Teachers Retirement System bought a new position in shares of KVH Industries during the second quarter valued at $57,000. BNP Paribas Arbitrage SNC lifted its holdings in shares of KVH Industries by 7,440.2% during the second quarter. BNP Paribas Arbitrage SNC now owns 6,560 shares of the communications equipment provider’s stock valued at $60,000 after purchasing an additional 6,473 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of KVH Industries by 7,222.2% during the second quarter. Wells Fargo & Company MN now owns 7,249 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 7,150 shares in the last quarter. 73.66% of the stock is owned by institutional investors.

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.