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

KVH Industries, Inc. (NASDAQ:KVHI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.03 and traded as high as $9.84. KVH Industries shares last traded at $9.26, with a volume of 329,324 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of KVH Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, KVH Industries has an average rating of “Sell”.

KVH Industries Stock Performance

The firm’s 50 day moving average is $9.69 and its 200 day moving average is $8.05. The stock has a market cap of $178.80 million, a P/E ratio of -35.27 and a beta of 0.43.

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

Insiders Place Their Bets

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total transaction of $392,000.00. Following the transaction, the insider directly owned 290,000 shares of the company’s stock, valued at $3,248,000. This represents a 10.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 39,092 shares of company stock worth $423,099. 21.40% of the stock is owned by insiders.

Institutional Investors Weigh In On KVH Industries

A number of large investors have recently modified their holdings of the business. Potomac Capital Management Inc. acquired a new stake in KVH Industries in the 4th quarter worth approximately $3,252,000. Peapod Lane Capital LLC increased its stake in KVH Industries by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after purchasing an additional 3,058 shares in the last quarter. Renaissance Technologies LLC increased its stake in KVH Industries by 22.0% during the 1st quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock valued at $3,096,000 after purchasing an additional 62,407 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of 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 buying an additional 15,482 shares during the last quarter. Finally, Mink Brook Asset Management LLC raised its holdings in shares of KVH Industries by 11.6% in the third quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock worth $961,000 after buying an additional 17,886 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.