KVH Industries (NASDAQ:KVHI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

KVH Industries, Inc. (NASDAQ:KVHI)’s stock price crossed 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.

Wall Street Analysts Forecast Growth

KVHI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of KVH Industries from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KVH Industries presently has an average rating of “Sell”.

KVH Industries Trading Up 2.1%

The firm has a market capitalization of $149.76 million, a PE ratio of -29.54 and a beta of 0.43. The business’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $7.81.

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

Insider Activity at KVH Industries

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of KVH Industries stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $11.20, for a total transaction of $392,000.00. Following the completion of the transaction, the insider directly owned 290,000 shares of the company’s stock, valued at approximately $3,248,000. The trade was a 10.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.40% of the company’s stock.

Institutional Investors Weigh In On KVH Industries

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its position in KVH Industries by 9.3% during the first quarter. Empowered Funds LLC now owns 31,775 shares of the communications equipment provider’s stock valued at $285,000 after acquiring an additional 2,691 shares during the last quarter. Renaissance Technologies LLC lifted its position in KVH Industries by 22.0% during the first quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock valued at $3,096,000 after acquiring an additional 62,407 shares during the last quarter. Sei Investments Co. lifted its position in KVH Industries by 78.4% during the first quarter. Sei Investments Co. now owns 23,964 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 10,528 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in KVH Industries by 332.5% during the first quarter. Hillsdale Investment Management Inc. now owns 33,746 shares of the communications equipment provider’s stock valued at $302,000 after acquiring an additional 25,944 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in KVH Industries by 51.4% during the first quarter. Ritholtz Wealth Management now owns 77,029 shares of the communications equipment provider’s stock valued at $690,000 after acquiring an additional 26,165 shares during the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.