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

KVH Industries, Inc. (NASDAQ:KVHI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.01 and traded as high as $7.15. KVH Industries shares last traded at $6.84, with a volume of 34,876 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on KVHI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. Wall Street Zen upgraded KVH Industries to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

KVH Industries Stock Down 2.3%

The stock has a market cap of $133.86 million, a P/E ratio of -11.03 and a beta of 0.69. The company has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $6.01.

Insiders Place Their Bets

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 40,000 shares of KVH Industries stock in a transaction that occurred on Friday, November 14th. The shares were bought 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 approximately $12,427,000. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen H. Deckoff purchased 60,201 shares of the stock in a transaction on Tuesday, December 9th. The shares were acquired at an average cost of $6.02 per share, with a total value of $362,410.02. Following the transaction, the director directly owned 3,498,596 shares in the company, valued at $21,061,547.92. The trade was a 1.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 138,660 shares of company stock worth $825,071. Insiders own 21.10% of the company’s stock.

Hedge Funds Weigh In On KVH Industries

Several hedge funds have recently made changes to their positions in KVHI. Peapod Lane Capital LLC lifted its stake in KVH Industries by 13.7% in the third quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after acquiring an additional 49,590 shares during the period. First Eagle Investment Management LLC raised its holdings in KVH Industries by 7.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after purchasing an additional 15,482 shares in the last quarter. Mink Brook Asset Management LLC lifted its position in shares of KVH Industries by 11.6% in the 3rd quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock worth $961,000 after purchasing an additional 17,886 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of KVH Industries by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after purchasing an additional 2,222 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in shares of KVH Industries during the fourth quarter valued at about $355,000. 73.66% of the stock is owned by hedge funds and other 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.