Shares of KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.94 and traded as high as $5.08. KVH Industries shares last traded at $5.05, with a volume of 121,235 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of KVH Industries from a "hold" rating to a "sell" rating in a research report on Monday, March 18th.
View Our Latest Report on KVH Industries
KVH Industries Stock Performance
The stock has a market cap of $99.23 million, a PE ratio of -6.31 and a beta of 0.64. The company's 50 day simple moving average is $4.88 and its 200 day simple moving average is $4.94.
Institutional Investors Weigh In On KVH Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. Cubist Systematic Strategies LLC purchased a new stake in shares of KVH Industries during the 1st quarter worth approximately $38,000. SG Americas Securities LLC purchased a new stake in shares of KVH Industries during the 4th quarter worth approximately $54,000. California State Teachers Retirement System purchased a new stake in shares of KVH Industries during the 2nd quarter worth approximately $57,000. BNP Paribas Arbitrage SNC increased its stake in shares of KVH Industries by 7,440.2% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 6,560 shares of the communications equipment provider's stock worth $60,000 after purchasing an additional 6,473 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of KVH Industries by 7,222.2% during the 2nd quarter. Wells Fargo & Company MN now owns 7,249 shares of the communications equipment provider's stock worth $66,000 after purchasing an additional 7,150 shares during the last quarter. Hedge funds and other institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
(
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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