KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.35 and traded as high as $5.68. KVH Industries shares last traded at $5.44, with a volume of 29,324 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of KVH Industries in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
Read Our Latest Stock Analysis on KVHI
KVH Industries Stock Down 3.7%
The business's 50-day moving average price is $5.64 and its 200-day moving average price is $5.35. The firm has a market capitalization of $106.08 million, a PE ratio of -17.00 and a beta of 0.82.
Institutional Trading of KVH Industries
Institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC acquired a new stake in KVH Industries in the first quarter valued at approximately $441,000. Systematic Financial Management LP lifted its stake in KVH Industries by 1.4% in the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider's stock valued at $6,338,000 after acquiring an additional 16,471 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock valued at $367,000 after acquiring an additional 2,222 shares during the last quarter. Jane Street Group LLC lifted its stake in KVH Industries by 134.0% in the first 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 during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in 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 acquiring an additional 85,509 shares during the last quarter. 73.66% of the stock is currently 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.
See Also
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