KVH Industries (NASDAQ:KVHI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

KVH Industries, Inc. (NASDAQ:KVHI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.81 and traded as high as $7.22. KVH Industries shares last traded at $7.07, with a volume of 25,439 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on KVHI. Wall Street Zen upgraded shares of KVH Industries to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, KVH Industries presently has an average rating of “Sell”.

KVH Industries Price Performance

The company’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $5.81. The stock has a market cap of $138.36 million, a P/E ratio of -11.40 and a beta of 0.69.

Insiders Place Their Bets

In other KVH Industries news, Director Stephen H. Deckoff purchased 60,201 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average price of $6.02 per share, with a total value of $362,410.02. Following the completion of the transaction, the director directly owned 3,498,596 shares in the company, valued at $21,061,547.92. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bradley Louis Radoff acquired 40,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $231,200.00. Following the acquisition, the insider directly owned 2,150,000 shares in the company, valued at $12,427,000. This represents a 1.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 138,660 shares of company stock valued at $825,071. 21.10% of the stock is owned by corporate insiders.

Institutional Trading of KVH Industries

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in KVH Industries in the third quarter valued at approximately $90,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of KVH Industries during the third quarter worth $113,000. Squarepoint Ops LLC raised its holdings in shares of KVH Industries by 27.8% during the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares during the period. Jane Street Group LLC lifted its position in KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after acquiring an additional 19,026 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock worth $367,000 after purchasing an additional 2,222 shares during the period. 73.66% of the stock is owned by institutional investors.

KVH Industries Company Profile

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.