KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.42 and traded as high as $5.57. KVH Industries shares last traded at $5.44, with a volume of 9,249 shares.
KVH Industries Trading Down 0.6%
The firm's fifty day moving average price is $5.25 and its 200 day moving average price is $5.42. The firm has a market capitalization of $105.45 million, a PE ratio of -10.98 and a beta of 0.79.
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 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 for the quarter, compared to analyst estimates of $28.39 million.
Institutional Trading of KVH Industries
Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock worth $176,000 after buying an additional 19,026 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of KVH Industries during the first quarter valued at approximately $441,000. Systematic Financial Management LP grew its stake in shares of KVH Industries by 1.4% during 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 purchasing an additional 16,471 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of KVH Industries during the fourth quarter valued at approximately $154,000. Finally, Black Diamond Capital Management L.L.C. grew its stake in shares of KVH Industries by 0.8% during the fourth 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 during the last quarter. 73.66% of the stock is owned by institutional investors.
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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