KVH Industries (NASDAQ:KVHI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

KVH Industries, Inc. (NASDAQ:KVHI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.27 and traded as high as $11.30. KVH Industries shares last traded at $10.97, with a volume of 298,686 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KVHI shares. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. Wall Street Zen lowered shares of KVH Industries from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

KVH Industries Stock Performance

The firm’s 50-day moving average price is $9.01 and its two-hundred day moving average price is $7.33. The stock has a market cap of $208.46 million, a price-to-earnings ratio of -41.12 and a beta of 0.43.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $32.32 million for 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%.

Hedge Funds Weigh In On KVH Industries

Large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new position in shares of KVH Industries in the 4th quarter valued at $54,000. HRT Financial LP acquired a new position in shares of KVH Industries in the 4th quarter valued at $70,000. OMERS ADMINISTRATION Corp acquired a new position in KVH Industries during the fourth quarter worth $86,000. Virtu Financial LLC acquired a new position in KVH Industries during the fourth quarter worth $102,000. Finally, NewEdge Advisors LLC acquired a new position in KVH Industries during the third quarter worth $90,000. Institutional investors and hedge funds 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.