KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.37 and traded as high as $5.85. KVH Industries shares last traded at $5.83, with a volume of 28,048 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of KVH Industries in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, KVH Industries presently has a consensus rating of "Sell".
Check Out Our Latest Report on KVHI
KVH Industries Stock Performance
The firm has a market capitalization of $113.71 million, a price-to-earnings ratio of -18.22 and a beta of 0.82. The company has a 50-day moving average of $5.69 and a 200-day moving average of $5.37.
Hedge Funds Weigh In On KVH Industries
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Systematic Financial Management LP boosted 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 during the period. Peapod Lane Capital LLC boosted its position in shares of KVH Industries by 7.7% during the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider's stock worth $1,930,000 after buying an additional 25,993 shares during the period. First Eagle Investment Management LLC boosted its position in shares of KVH Industries by 77.1% during the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider's stock worth $1,047,000 after buying an additional 85,509 shares during the period. Mink Brook Asset Management LLC boosted its position in KVH Industries by 84.5% during the 2nd quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider's stock worth $819,000 after acquiring an additional 70,382 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in KVH Industries by 3.3% during the 2nd 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 last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.
About KVH Industries
(
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.
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