KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.42 and traded as high as $5.47. KVH Industries shares last traded at $5.32, with a volume of 12,922 shares trading hands.
KVH Industries Stock Performance
The stock has a 50 day simple moving average of $5.28 and a two-hundred day simple moving average of $5.42. The firm has a market cap of $104.27 million, a PE ratio of -10.86 and a beta of 0.79.
KVH Industries (NASDAQ:KVHI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.05). The company had revenue of $25.41 million for the quarter, compared to analysts' expectations of $28.39 million. KVH Industries had a negative net margin of 8.72% and a negative return on equity of 4.47%.
Hedge Funds Weigh In On KVH Industries
A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of 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 buying an additional 19,026 shares during the last quarter. Mink Brook Asset Management LLC purchased a new position in shares of KVH Industries in the 1st quarter valued at about $441,000. Systematic Financial Management LP increased its stake in shares of 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 valued at $6,338,000 after purchasing an additional 16,471 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of KVH Industries in the 4th quarter valued at about $154,000. Finally, Black Diamond Capital Management L.L.C. increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 73.66% of the company's stock.
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.
Further Reading
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