KVH Industries (NASDAQ:KVHI) Stock Crosses Above Two Hundred 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.

KVH Industries, Inc. (NASDAQ:KVHI - )'s share price crossed 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 traded.

KVH Industries Stock Down 2.0%

The stock has a market capitalization of $105.11 million, a price-to-earnings ratio of -16.84 and a beta of 0.83. The company's 50-day moving average is $5.35 and its 200-day moving average is $5.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KVHI. First Eagle Investment Management LLC grew its holdings in shares of KVH Industries by 77.1% in the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider's stock valued at $1,047,000 after purchasing an additional 85,509 shares in the last quarter. Mink Brook Asset Management LLC purchased a new stake in shares of KVH Industries during the 1st quarter worth approximately $441,000. Renaissance Technologies LLC raised its position in KVH Industries by 23.8% in the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider's stock valued at $1,425,000 after purchasing an additional 48,002 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in KVH Industries in the 4th quarter valued at $154,000. Finally, Black Diamond Capital Management L.L.C. raised its position in KVH Industries by 0.8% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider's stock valued at $19,289,000 after purchasing an additional 26,656 shares during the last quarter. Institutional investors and hedge funds 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.

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