KVH Industries, Inc. (KVHI) CTO Robert J. Balog Sells 1,508 Shares
KVH Industries, Inc. (NASDAQ:KVHI) CTO Robert J. Balog sold 1,508 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.56, for a total transaction of $15,924.48. Following the completion of the sale, the chief technology officer now directly owns 78,990 shares in the company, valued at $834,134.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of KVHI traded down $0.01 during mid-day trading on Friday, hitting $10.54. The company had a trading volume of 10 shares, compared to its average volume of 41,985. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.39. KVH Industries, Inc. has a 1-year low of $9.16 and a 1-year high of $14.15. The stock has a market capitalization of $189.29 million, a PE ratio of -88.08 and a beta of 0.80.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of KVH Industries from a “hold” rating to a “buy” rating in a research report on Monday. B. Riley assumed coverage on shares of KVH Industries in a research report on Wednesday, March 6th. They issued a “buy” rating and a $15.00 target price on the stock. Raymond James set a $13.00 target price on shares of KVH Industries and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research cut shares of KVH Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.20.
KVH Industries Company Profile
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; 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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