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

KVH Industries, Inc. (NASDAQ:KVHI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.21 and traded as high as $9.47. KVH Industries shares last traded at $8.88, with a volume of 337,836 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of KVH Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

KVH Industries Price Performance

The company has a market cap of $173.14 million, a P/E ratio of -34.15 and a beta of 0.43. The stock has a 50-day moving average of $9.58 and a 200 day moving average of $8.21.

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

Insider Buying and Selling at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff sold 35,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $3,248,000. The trade was a 10.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 39,092 shares of company stock worth $423,099. Corporate insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On KVH Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in KVH Industries in the fourth quarter valued at about $54,000. HRT Financial LP acquired a new stake in shares of KVH Industries in the 4th quarter valued at approximately $70,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of KVH Industries in the 4th quarter valued at approximately $86,000. NewEdge Advisors LLC bought a new stake in shares of KVH Industries during the 3rd quarter valued at approximately $90,000. Finally, Virtu Financial LLC bought a new stake in shares of KVH Industries during the 4th quarter valued at approximately $102,000. 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.