Stock in News Spotlight: KVH Industries, Inc. (NASDAQ: KVHI)

On Friday, KVH Industries, Inc. (NASDAQ: KVHI) stock soared 1.12% and closed at 9.91. Its recent trading capacity is 11268 shares versus to its average trading volume of 31817 shares. The company stock lowest price point for the session stood at $9.83. KVHI traded as low as $ 8.64 in the past 52 weeks, and shares hit its peak level to $12.69.

KVH Industries, Inc., (KVHI) reported recently that it has shipped its 10,000th VSAT satellite communications system. This is the recent milestone for a company whose history of innovation in the maritime satellite communications industry began in 2007, when KVH introduced the TracPhone® V7, the first maritime 60 cm VSAT terminal, and the mini-VSAT Broadbandsm service. Since that time, KVH has become the market share leader for maritime VSAT terminals (Source: Euroconsult, Prospects for Maritime SATCOM, 2019, market share VSAT units), and recently KVH provides high-speed connectivity, voice service, IoT capabilities, and content to commercial vessels and leisure yachts about the world.

“We set out to make satellite communications reliable, cost effective, and more accessible to seafarers through innovations in technology, satellite services, and business models,” says Martin Kits van Heyningen, KVH chief executive officer. “The accelerating adoption of our TracPhone VSAT systems and connectivity delivered by our high-throughput satellite (HTS) network reflects the demand for the affordable airtime, fast data speeds, network security, IoT proactive monitoring, and value-added services that we deliver. The ability to offer a fully integrated solution, which we see as the KVH Advantage, is desirable both to leisure boaters who wish to remain connected to friends and family on shore as well as the commercial industry in which the connected ship is rapidly becoming a reality.”

KVHI EPS growth ratio for the past five years was -29.50% while Sales growth for the past five years was 1.00%. Return on equity (ROE) was noted as 33.70% while return on investment (ROI) was -6.00%.

Willard Shelton

Willard Shelton – Technology My name is Willard Shelton, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

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