KVH Industries (NASDAQ:KVHI) Shares Pass Above 200 Day Moving Average of $4.94

KVH Industries, Inc. (NASDAQ:KVHIGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.94 and traded as high as $5.08. KVH Industries shares last traded at $5.05, with a volume of 121,235 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered KVH Industries from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.

Get Our Latest Research Report on KVH Industries

KVH Industries Stock Performance

The company has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $4.94. The stock has a market capitalization of $99.23 million, a price-to-earnings ratio of -6.31 and a beta of 0.64.

Institutional Trading of KVH Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in KVH Industries during the 1st quarter worth approximately $38,000. California State Teachers Retirement System bought a new stake in KVH Industries during the 2nd quarter worth approximately $57,000. BNP Paribas Arbitrage SNC increased its holdings in KVH Industries by 7,440.2% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 6,560 shares of the communications equipment provider’s stock worth $60,000 after purchasing an additional 6,473 shares in the last quarter. Bank of America Corp DE increased its holdings in KVH Industries by 38.3% during the 1st quarter. Bank of America Corp DE now owns 6,665 shares of the communications equipment provider’s stock worth $76,000 after purchasing an additional 1,846 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in KVH Industries by 7,222.2% during the 2nd quarter. Wells Fargo & Company MN now owns 7,249 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 7,150 shares in the last quarter. 73.66% of the stock is owned by institutional investors.

About KVH Industries

(Get Free Report)

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.

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