KVH Industries, Inc. (NASDAQ:KVHI) VP Robert J. Balog sold 1,570 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $10.35, for a total transaction of $16,249.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of KVHI stock opened at $11.00 on Wednesday. KVH Industries, Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $12.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.73 and a current ratio of 2.26.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Friday, March 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). KVH Industries had a negative return on equity of 1.25% and a negative net margin of 6.89%. The firm had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $40.11 million. research analysts expect that KVH Industries, Inc. will post -0.18 EPS for the current year.
Several equities research analysts have commented on KVHI shares. ValuEngine downgraded shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.33.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://weekherald.com/2018/03/21/robert-j-balog-sells-1570-shares-of-kvh-industries-inc-kvhi-stock.html.
About KVH Industries
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.
Receive News & Ratings for KVH Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries and related companies with MarketBeat.com's FREE daily email newsletter.