KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.44 and traded as high as $5.49. KVH Industries shares last traded at $5.31, with a volume of 19,739 shares changing hands.
KVH Industries Stock Performance
The stock has a fifty day simple moving average of $5.19 and a two-hundred day simple moving average of $5.44. The stock has a market capitalization of $102.90 million, a price-to-earnings ratio of -10.71 and a beta of 0.80.
KVH Industries (NASDAQ:KVHI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). KVH Industries had a negative return on equity of 4.47% and a negative net margin of 8.72%. The company had revenue of $25.41 million for the quarter, compared to analyst estimates of $28.39 million.
Hedge Funds Weigh In On KVH Industries
A number of hedge funds have recently added to or reduced their stakes in KVHI. Advisory Services Network LLC bought a new position in shares of KVH Industries in the fourth quarter valued at approximately $121,000. Squarepoint Ops LLC purchased a new stake in KVH Industries in the 4th quarter valued at $154,000. Jane Street Group LLC lifted its stake in KVH Industries by 134.0% during the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock valued at $176,000 after acquiring an additional 19,026 shares in the last quarter. Kovack Advisors Inc. bought a new position in KVH Industries during the 4th quarter valued at $197,000. Finally, Hsbc Holdings PLC grew its stake in shares of 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 acquiring an additional 1,796 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company's stock.
KVH Industries Company Profile
(
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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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