KVH Industries (NASDAQ:KVHI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

KVH Industries, Inc. (NASDAQ:KVHI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.21 and traded as high as $9.47. KVH Industries shares last traded at $8.88, with a volume of 337,836 shares.

Analyst Ratings Changes

Several research firms have commented on KVHI. Wall Street Zen lowered KVH Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

KVH Industries Price Performance

The firm has a market capitalization of $176.87 million, a price-to-earnings ratio of -34.88 and a beta of 0.43. The business’s 50-day moving average price is $9.56 and its 200 day moving average price is $8.24.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%. The firm had revenue of $32.32 million for the quarter, compared to the consensus estimate of $30.56 million.

Insider Activity

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total value of $392,000.00. Following the transaction, the insider owned 290,000 shares in the company, valued at approximately $3,248,000. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 39,092 shares of company stock worth $423,099 over the last 90 days. 21.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KVH Industries

Several hedge funds and other institutional investors have recently bought and sold shares of KVHI. Potomac Capital Management Inc. acquired a new position in shares of KVH Industries in the 4th quarter valued at approximately $3,252,000. Peapod Lane Capital LLC increased its stake in shares of KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after buying an additional 3,058 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of KVH Industries by 22.0% in the first quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock worth $3,096,000 after buying an additional 62,407 shares during the last quarter. Mink Brook Asset Management LLC raised its holdings in KVH Industries by 11.6% in the third quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock valued at $961,000 after acquiring an additional 17,886 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in KVH Industries by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 160,108 shares of the communications equipment provider’s stock valued at $1,116,000 after acquiring an additional 7,474 shares in the last quarter. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

About KVH Industries

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.