KVH Industries (NASDAQ:KVHI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

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 $6.01 and traded as high as $7.15. KVH Industries shares last traded at $6.84, with a volume of 34,876 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KVHI. Wall Street Zen raised shares of KVH Industries to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KVH Industries has a consensus rating of “Sell”.

KVH Industries Stock Performance

The business’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $6.01. The firm has a market capitalization of $133.86 million, a PE ratio of -11.03 and a beta of 0.69.

Insiders Place Their Bets

In related news, major shareholder Bradley Louis Radoff purchased 40,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $231,200.00. Following the purchase, the insider directly owned 2,150,000 shares in the company, valued at $12,427,000. This trade represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen H. Deckoff acquired 60,201 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $6.02 per share, with a total value of $362,410.02. Following the acquisition, the director directly owned 3,498,596 shares in the company, valued at approximately $21,061,547.92. The trade was a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 138,660 shares of company stock worth $825,071. 21.10% of the stock is currently owned by insiders.

Institutional Trading of KVH Industries

A number of large investors have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC raised its holdings in shares of KVH Industries by 13.7% during the 3rd quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after acquiring an additional 49,590 shares in the last quarter. First Eagle Investment Management LLC increased its position in KVH Industries by 7.9% in the third quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after purchasing an additional 15,482 shares during the last quarter. Mink Brook Asset Management LLC raised its stake in KVH Industries by 11.6% during the third quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock valued at $961,000 after purchasing an additional 17,886 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in KVH Industries by 3.3% during the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after purchasing an additional 2,222 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in KVH Industries during the fourth quarter valued at $355,000. Institutional investors own 73.66% of the company’s stock.

About KVH Industries

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.