KVH Industries (NASDAQ:KVHI) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

KVH Industries, Inc. (NASDAQ:KVHI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.09 and traded as high as $6.12. KVH Industries shares last traded at $6.00, with a volume of 28,436 shares trading hands.

Analyst Upgrades and Downgrades

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

KVH Industries Price Performance

The company has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $6.09. The company has a market capitalization of $117.42 million, a P/E ratio of -9.68 and a beta of 0.72.

Insider Activity

In other news, Director Stephen H. Deckoff acquired 60,201 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $6.02 per share, with a total value of $362,410.02. Following the completion of the acquisition, the director owned 3,498,596 shares in the company, valued at approximately $21,061,547.92. This represents a 1.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bradley Louis Radoff acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $5.78 per share, with a total value of $231,200.00. Following the transaction, the insider directly owned 2,150,000 shares in the company, valued at $12,427,000. The trade was a 1.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 138,660 shares of company stock valued at $825,071 over the last three months. 21.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC lifted its position in 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 worth $367,000 after buying an additional 2,222 shares in the last quarter. Peapod Lane Capital LLC increased its holdings in shares of KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after purchasing an additional 3,058 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of KVH Industries by 27.8% during the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after buying an additional 5,935 shares during the period. Geode Capital Management LLC grew its stake in KVH Industries by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 160,108 shares of the communications equipment provider’s stock valued at $1,116,000 after buying an additional 7,474 shares during the last quarter. Finally, 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 valued at $1,186,000 after acquiring an additional 15,482 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

About KVH Industries

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.