KVH Industries (NASDAQ:KVHI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of KVH Industries, Inc. (NASDAQ:KVHI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.81 and traded as high as $7.97. KVH Industries shares last traded at $7.68, with a volume of 204,284 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KVHI shares. Wall Street Zen upgraded KVH Industries from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

KVH Industries Stock Up 1.5%

The firm has a market cap of $148.59 million, a price-to-earnings ratio of -29.31 and a beta of 0.43. The business has a 50 day moving average of $9.68 and a 200 day moving average of $7.83.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.56 million. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.

Insider Activity at KVH Industries

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total transaction of $392,000.00. Following the sale, the insider owned 290,000 shares of the company’s stock, valued at $3,248,000. This trade represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.40% of the stock is currently owned by insiders.

Institutional Trading of KVH Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in KVH Industries in the 4th quarter valued at about $54,000. HRT Financial LP acquired a new position in shares of KVH Industries in the 4th quarter valued at about $70,000. OMERS ADMINISTRATION Corp acquired a new position in shares of KVH Industries in the 4th quarter valued at about $86,000. Virtu Financial LLC acquired a new stake in KVH Industries in the 4th quarter valued at $102,000. Finally, NewEdge Advisors LLC acquired a new stake in KVH Industries in the 3rd quarter valued at $90,000. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Company Profile

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.