Raymond James Downgrades KVH Industries to Outperform

Brokerage firm Raymond James Downgrades its rating on KVH Industries(KVHI). The shares have been rated Outperform. Previously, the analysts had a Strong Buy rating on the shares. The rating by the stock financial advisor at Raymond James was issued on Mar 28, 2017 in a research report to their Investors and Clients.

KVH Industries (KVHI) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.61% at a volume of 68,795. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.2. The peak price level was also seen at $8.2 while the days lowest was $7.95. Finally the shares closed at $8.1. The 52-week high of the shares is $12.75 while the 52-week low is $7.31. According to the latest information available, the market cap of the company is $137 M.

KVH Industries(KVHI) last announced its earnings results on Mar 2, 2017 for Fiscal Year 2016 and Q4.Earnings per share were $0.13.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2017, Van Heyningen Martin Kits (CEO/Chairman BOD) sold 29,694 shares at $10.00 per share price.Also, On Feb 2, 2017, Van Heyningen Robert Wb Kits (Vice President, R&D) sold 19,542 shares at $10.43 per share price.On Dec 28, 2016, Robert J Balog (Senior VP Engineering) sold 15,460 shares at $12.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company develops and distributes training films and e-Learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Company designs develops manufactures and markets mobile communications products and services for the marine and land mobile markets and navigation guidance and stabilization products for both the defense and commercial markets.

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