KVH Industries (NASDAQ:KVHI) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• KVH Industries stock price has crossed above its 200-day moving average of $5.32, trading as high as $6.15 recently.
• The company has a market capitalization of $117.78 million and a negative P/E ratio of -18.88, indicating challenges in profitability.
• Institutional investors control 73.66% of KVH Industries stock, with significant recent investments from multiple hedge funds.

KVH Industries, Inc. (NASDAQ:KVHI - )'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.32 and traded as high as $6.15. KVH Industries shares last traded at $6.04, with a volume of 25,765 shares trading hands.

KVH Industries Stock Up 0.2%

The company has a market cap of $117.78 million, a P/E ratio of -18.88 and a beta of 0.81. The stock's 50-day moving average price is $5.57 and its 200 day moving average price is $5.32.

Hedge Funds Weigh In On KVH Industries

A number of institutional investors have recently modified their holdings of KVHI. Squarepoint Ops LLC bought a new position in KVH Industries during the fourth quarter worth $154,000. Jane Street Group LLC increased its position in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock worth $176,000 after acquiring an additional 19,026 shares during the period. Orion Porfolio Solutions LLC increased its position in KVH Industries by 3.3% during the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock worth $367,000 after acquiring an additional 2,222 shares during the period. Mink Brook Asset Management LLC bought a new position in KVH Industries during the first quarter worth $441,000. Finally, Northern Trust Corp increased its position in KVH Industries by 24.8% during the fourth quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock worth $454,000 after acquiring an additional 15,796 shares during the period. Institutional investors own 73.66% of the company's stock.

About KVH Industries

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.

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