KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.41 and traded as high as $5.47. KVH Industries shares last traded at $5.31, with a volume of 11,158 shares changing hands.
KVH Industries Stock Performance
The business's 50 day moving average price is $5.32 and its two-hundred day moving average price is $5.40. The company has a market capitalization of $103.49 million, a price-to-earnings ratio of -10.78 and a beta of 0.79.
KVH Industries (NASDAQ:KVHI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.05). KVH Industries had a negative net margin of 8.72% and a negative return on equity of 4.47%. The company had revenue of $25.41 million during the quarter, compared to analyst estimates of $28.39 million.
Institutional Investors Weigh In On KVH Industries
Several hedge funds have recently added to or reduced their stakes in KVHI. Geode Capital Management LLC boosted its position in KVH Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider's stock worth $839,000 after buying an additional 7,466 shares during the period. Renaissance Technologies LLC raised its holdings in KVH Industries by 23.8% during the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider's stock worth $1,425,000 after purchasing an additional 48,002 shares during the last quarter. Advisory Services Network LLC bought a new position in KVH Industries during the 4th quarter worth approximately $121,000. Dimensional Fund Advisors LP raised its holdings in KVH Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider's stock worth $4,791,000 after purchasing an additional 18,448 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in KVH Industries by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider's stock worth $226,000 after purchasing an additional 1,796 shares during the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.
KVH Industries Company Profile
(
Get Free Report)
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.
Further Reading
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