KVH Industries (KVHI) Cut to “Sell” at ValuEngine

KVH Industries (NASDAQ:KVHI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, October 18th. Needham & Company LLC restated a “buy” rating on shares of KVH Industries in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. KVH Industries currently has an average rating of “Hold” and a consensus target price of $10.67.

KVH Industries (NASDAQ:KVHI) traded down $0.40 during midday trading on Tuesday, hitting $9.80. The stock had a trading volume of 28,011 shares, compared to its average volume of 64,293. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80. KVH Industries has a 12 month low of $7.65 and a 12 month high of $12.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in KVH Industries in the 2nd quarter valued at $108,000. Parametric Portfolio Associates LLC raised its stake in KVH Industries by 2.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock valued at $172,000 after acquiring an additional 442 shares during the period. PNC Financial Services Group Inc. raised its stake in KVH Industries by 1.9% in the 2nd 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 period. Wells Fargo & Company MN raised its stake in KVH Industries by 73.1% in the 3rd 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 period. Finally, SPC Financial Inc. bought a new stake in KVH Industries in the 3rd quarter valued at $223,000. Institutional investors and hedge funds 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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