KVH Industries (NASDAQ:KVHI) Stock Passes Above 200 Day Moving Average – What’s Next?

KVH Industries, Inc. (NASDAQ:KVHI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.57 and traded as high as $9.48. KVH Industries shares last traded at $9.13, with a volume of 119,868 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KVHI shares. Wall Street Zen lowered KVH Industries from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

KVH Industries Stock Up 0.2%

The stock has a 50 day simple moving average of $7.12 and a 200 day simple moving average of $6.57. The company has a market capitalization of $177.84 million, a price-to-earnings ratio of -24.03 and a beta of 0.46.

Insider Buying and Selling

In related news, major shareholder Bradley Louis Radoff bought 30,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of $6.26 per share, for a total transaction of $187,800.00. Following the completion of the purchase, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. The trade was a 1.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KVH Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its stake in 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 acquiring an additional 2,222 shares during the period. State Street Corp boosted its stake in KVH Industries by 4.4% in the fourth quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock valued at $460,000 after acquiring an additional 2,800 shares during the period. Peapod Lane Capital LLC boosted its position in shares of KVH Industries by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after buying an additional 3,058 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of KVH Industries by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock worth $219,000 after buying an additional 5,378 shares during the period. Finally, Squarepoint Ops LLC boosted its position 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 buying an additional 5,935 shares during the period. 73.66% of the stock is currently owned by institutional investors and hedge funds.

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.