KVH Industries (NASDAQ:KVHI) COO Brent C. Bruun sold 1,177 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $10.65, for a total transaction of $12,535.05. Following the completion of the transaction, the chief operating officer now owns 104,700 shares in the company, valued at approximately $1,115,055. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
KVHI stock traded up $0.05 during midday trading on Friday, hitting $10.75. The stock had a trading volume of 9,293 shares, compared to its average volume of 21,603. The firm has a market cap of $187.52, a price-to-earnings ratio of -83.08 and a beta of 0.79. The company has a quick ratio of 1.73, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. KVH Industries has a 1-year low of $7.65 and a 1-year high of $12.65.
KVH Industries (NASDAQ:KVHI) last released its earnings results on Friday, March 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). KVH Industries had a negative net margin of 6.89% and a negative return on equity of 1.25%. The firm had revenue of $38.98 million during the quarter, compared to analyst estimates of $40.11 million. research analysts expect that KVH Industries will post -0.18 earnings per share for the current year.
KVHI has been the topic of several recent analyst reports. ValuEngine lowered shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th.
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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 offers mobile satellite TV and communications products, including satellite TV antennas; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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