KVH Industries (NASDAQ:KVHI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

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

Analyst Ratings Changes

KVHI has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of KVH Industries in a report on Wednesday, June 24th. Wall Street Zen lowered KVH Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

KVH Industries Stock Down 2.5%

The company has a market cap of $173.14 million, a P/E ratio of -34.15 and a beta of 0.43. The firm’s 50 day moving average is $9.58 and its two-hundred day moving average is $8.21.

KVH Industries (NASDAQ:KVHI) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.The firm had revenue of $32.32 million for the quarter, compared to the consensus estimate of $30.56 million.

Insider Activity

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of KVH Industries stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total value of $392,000.00. Following the transaction, the insider directly owned 290,000 shares of the company’s stock, valued at $3,248,000. The trade was 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 through the SEC website. Insiders sold 39,092 shares of company stock worth $423,099 in the last ninety days. 21.40% of the stock is owned by company insiders.

Institutional Trading of KVH Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. bought a new position in KVH Industries during the 4th quarter worth approximately $3,252,000. Bridgeway Capital Management LLC boosted its stake in shares of KVH Industries by 126.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 145,284 shares of the communications equipment provider’s stock valued at $1,013,000 after purchasing an additional 81,252 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of KVH Industries during the fourth quarter worth $521,000. Mink Brook Asset Management LLC raised its stake in KVH Industries by 84.5% during the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock worth $819,000 after buying an additional 70,382 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 worth $3,096,000 after buying an additional 62,407 shares during the last quarter. Institutional investors and hedge funds 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.