KVH Industries (NASDAQ:KVHI) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• KVH Industries' stock price has recently crossed above its 200-day moving average of $5.33, trading as high as $5.57.
• The company's market capitalization stands at $105.11 million, with institutional investors owning 73.66% of the stock after notable recent increases in holdings.
• KVH Industries operates in the mobile connectivity sector, offering services such as Internet and VoIP airtime, and is actively involved in both marine and land mobile markets.

Shares of KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.33 and traded as high as $5.57. KVH Industries shares last traded at $5.39, with a volume of 17,046 shares.

KVH Industries Trading Up 2.2%

The firm has a market cap of $109.96 million, a PE ratio of -17.61 and a beta of 0.83. The firm's 50 day simple moving average is $5.36 and its 200 day simple moving average is $5.32.

Institutional Trading of KVH Industries

Several hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in KVH Industries by 4.5% in 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 in the last quarter. Orion Porfolio Solutions LLC lifted its stake in KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock worth $367,000 after purchasing an additional 2,222 shares in the last quarter. Geode Capital Management LLC lifted its stake in KVH Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider's stock worth $839,000 after purchasing an additional 7,466 shares in the last quarter. Northern Trust Corp lifted its stake in KVH Industries by 24.8% in the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock worth $454,000 after purchasing an additional 15,796 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in KVH Industries by 1.4% in the 1st quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider's stock worth $6,338,000 after purchasing an additional 16,471 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company's stock.

KVH Industries Company Profile

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.