KVH Industries, Inc. (NASDAQ:KVHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, October 18th. The firm presently has a $14.00 price objective on the communications equipment provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 23.89% from the stock’s previous close.
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. “
Shares of KVH Industries (KVHI) traded up $0.25 on Wednesday, reaching $11.30. The company had a trading volume of 28,135 shares, compared to its average volume of 25,731. The company has a quick ratio of 1.80, a current ratio of 2.30 and a debt-to-equity ratio of 0.43. KVH Industries has a 52-week low of $7.50 and a 52-week high of $12.75.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. acquired a new position in KVH Industries during the 1st quarter worth $108,000. SG Americas Securities LLC acquired a new position in KVH Industries during the 2nd quarter worth $108,000. Globeflex Capital L P boosted its position in KVH Industries by 17,702.7% during the 1st quarter. Globeflex Capital L P now owns 13,174 shares of the communications equipment provider’s stock worth $111,000 after acquiring an additional 13,100 shares during the period. Russell Investments Group Ltd. boosted its position in KVH Industries by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock worth $112,000 after acquiring an additional 2,800 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in KVH Industries by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock worth $172,000 after acquiring an additional 442 shares during the period. Hedge funds and other institutional investors own 61.25% of the company’s stock.
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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