KVH Industries, Inc. (NASDAQ:KVHI) CMO Elizabeth Jackson sold 962 shares of KVH Industries stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $13.73, for a total value of $13,208.26. Following the completion of the sale, the chief marketing officer now directly owns 38,737 shares in the company, valued at approximately $531,859.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ KVHI traded down $0.29 during trading on Thursday, reaching $13.39. 72,042 shares of the company’s stock were exchanged, compared to its average volume of 98,796. The firm’s 50 day simple moving average is $13.78. The firm has a market capitalization of $251.21 million, a PE ratio of -12.17 and a beta of 0.80. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 0.01. KVH Industries, Inc. has a fifty-two week low of $7.38 and a fifty-two week high of $15.29.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Wednesday, May 5th. The communications equipment provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The firm had revenue of $42.29 million for the quarter, compared to the consensus estimate of $41.30 million. KVH Industries had a negative return on equity of 2.29% and a negative net margin of 12.01%. On average, analysts forecast that KVH Industries, Inc. will post -0.53 earnings per share for the current year.
A number of analysts recently issued reports on KVHI shares. Zacks Investment Research downgraded KVH Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 14th. Raymond James boosted their price target on KVH Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th.
About KVH Industries
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software for maritime communications; and Iridium OpenPort hardware products and services.
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