KVH Industries (NASDAQ:KVHI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of KVH Industries, Inc. (NASDAQ:KVHI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.39 and traded as high as $5.65. KVH Industries shares last traded at $5.63, with a volume of 21,577 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of KVH Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

KVH Industries Stock Up 1.1%

The stock has a market cap of $109.81 million, a price-to-earnings ratio of -17.59 and a beta of 0.82. The stock’s fifty day moving average is $5.73 and its 200-day moving average is $5.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its holdings in shares of KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after buying an additional 2,222 shares during the period. Systematic Financial Management LP boosted its holdings in KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after purchasing an additional 16,471 shares during the last quarter. Jane Street Group LLC boosted its holdings in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 19,026 shares during the last quarter. Peapod Lane Capital LLC boosted its holdings in KVH Industries by 7.7% during the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock worth $1,930,000 after purchasing an additional 25,993 shares during the last quarter. Finally, Mink Brook Asset Management LLC boosted its holdings in KVH Industries by 84.5% during the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock worth $819,000 after purchasing an additional 70,382 shares during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

About KVH Industries

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.