KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report)'s stock price passed 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 changing hands.
KVH Industries Price Performance
The stock has a market capitalization of $105.45 million, a price-to-earnings ratio of -10.98 and a beta of 0.79. The business has a 50 day simple moving average of $5.25 and a 200-day simple moving average of $5.42.
KVH Industries (NASDAQ:KVHI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $25.41 million during the quarter, compared to analyst estimates of $28.39 million.
Hedge Funds Weigh In On KVH Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in KVH Industries by 23.8% in the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider's stock worth $1,425,000 after purchasing an additional 48,002 shares during the period. Northern Trust Corp boosted its holdings in KVH Industries by 24.8% during the fourth quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock worth $454,000 after purchasing an additional 15,796 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KVH Industries by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider's stock worth $839,000 after purchasing an additional 7,466 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in KVH Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider's stock worth $4,791,000 after purchasing an additional 18,448 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of KVH Industries during the 4th quarter worth about $154,000. 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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