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 traded.
KVH Industries Stock Performance
The stock has a 50-day moving average of $5.28 and a 200-day moving average of $5.42. The firm has a market cap of $102.90 million, a price-to-earnings ratio of -10.71 and a beta of 0.79.
KVH Industries (NASDAQ:KVHI - Get Free Report) last posted its quarterly earnings results 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). KVH Industries had a negative net margin of 8.72% and a negative return on equity of 4.47%. The company had revenue of $25.41 million during the quarter, compared to the consensus estimate of $28.39 million.
Hedge Funds Weigh In On KVH Industries
A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of KVH Industries during the 4th quarter valued at about $121,000. Squarepoint Ops LLC bought a new stake in shares of KVH Industries during the 4th quarter valued at about $154,000. Jane Street Group LLC boosted its position 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 purchasing an additional 19,026 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of KVH Industries by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider's stock valued at $226,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in shares of KVH Industries during the 1st quarter valued at about $441,000. Institutional investors and hedge funds own 73.66% of the company's stock.
About KVH Industries
(
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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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