KVH Industries (NASDAQ:KVHI) Stock Price Passes Above Two Hundred Day Moving Average of $4.93

KVH Industries, Inc. (NASDAQ:KVHI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.93 and traded as high as $5.49. KVH Industries shares last traded at $5.37, with a volume of 103,390 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Saturday.

KVH Industries Trading Up 0.2 %

The company’s 50-day moving average is $4.91 and its 200 day moving average is $4.93. The stock has a market capitalization of $105.52 million, a PE ratio of -6.71 and a beta of 0.64.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Friday, March 15th. The communications equipment provider reported ($0.16) earnings per share (EPS) for the quarter. KVH Industries had a negative net margin of 11.69% and a negative return on equity of 0.15%. The company had revenue of $31.46 million during the quarter.

Institutional Investors Weigh In On KVH Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in KVH Industries during the 1st quarter worth $38,000. California State Teachers Retirement System acquired a new stake in KVH Industries during the 2nd quarter worth $57,000. BNP Paribas Arbitrage SNC boosted its stake 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 during the last quarter. Bank of America Corp DE boosted its stake 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 during the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Company Profile

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.