KVH Industries (NASDAQ:KVHI) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

KVH Industries, Inc. (NASDAQ:KVHI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.22 and traded as high as $5.92. KVH Industries shares last traded at $5.85, with a volume of 14,072 shares.

KVH Industries Stock Performance

The stock has a market cap of $115.15 million, a PE ratio of -6.00 and a beta of 0.63. The company’s 50-day moving average price is $5.82 and its two-hundred day moving average price is $5.22.

Hedge Funds Weigh In On KVH Industries

A number of large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of KVH Industries during the fourth quarter worth approximately $154,000. Black Diamond Capital Management L.L.C. grew its holdings in shares of KVH Industries by 0.8% during 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 during the last quarter. Northern Trust Corp raised its position in KVH Industries by 24.8% in the 4th 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 period. Boothbay Fund Management LLC lifted its stake in KVH Industries by 26.9% in the fourth quarter. Boothbay Fund Management LLC now owns 89,539 shares of the communications equipment provider’s stock worth $510,000 after purchasing an additional 19,008 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in KVH Industries by 4.5% during the fourth quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider’s stock valued at $226,000 after buying an additional 1,796 shares during the period. 73.66% of the stock is owned by hedge funds and other institutional investors.

KVH Industries Company Profile

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.