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

KVH Industries, Inc. (NASDAQ:KVHI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.37 and traded as high as $9.35. KVH Industries shares last traded at $9.31, with a volume of 140,440 shares trading hands.

Wall Street Analysts Forecast Growth

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

KVH Industries Price Performance

The stock has a market cap of $175.87 million, a PE ratio of -34.69 and a beta of 0.43. The business has a fifty day moving average of $9.37 and a 200-day moving average of $8.38.

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

Insider Transactions at KVH Industries

In other news, major shareholder Bradley Louis Radoff sold 35,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $11.20, for a total value of $392,000.00. Following the completion of the sale, the insider owned 290,000 shares in the company, 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 SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 39,092 shares of company stock worth $423,099. 21.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KVH Industries

Institutional investors have recently bought and sold shares of the business. Potomac Capital Management Inc. bought a new stake in KVH Industries during the 4th quarter valued at $3,252,000. Hillsdale Investment Management Inc. purchased a new position in shares of KVH Industries in the 4th quarter valued at $54,000. Pekin Hardy Strauss Inc. bought a new position in shares of KVH Industries in the 4th quarter worth $321,000. Peapod Lane Capital LLC lifted its stake in shares of 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 worth $2,891,000 after purchasing an additional 3,058 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of KVH Industries during the 4th quarter worth $355,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

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.