Shares of KVH Industries (Nasdaq:KVHI) were gapping down Friday morning with an open price 17.5% lower than Thursday's closing price. The stock closed at $15.83 yesterday and opened today's trading at $13.06.
NEW YORK ( TheStreet) -- Shares of KVH Industries (Nasdaq: KVHI) were gapping down Friday morning with an open price 17.5% lower than Thursday's closing price. The stock closed at $15.83 Thursday and opened today's trading at $13.06. The average volume for KVH has been 85,500 shares per day over the past 30 days. KVH has a market cap of $238.5 million and is part of the technology sector and telecommunications industry. Shares are up 32.5% year to date as of the close of trading on Thursday. KVH Industries, Inc. engages in the development, manufacture, and marketing of mobile communication products for the marine, land mobile, and aeronautical markets primarily in North America, Europe, and Asia. The company has a P/E ratio of 28.9, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17. TheStreet Ratings rates KVH as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full KVH Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.