KVH Industries (NASDAQ:KVHI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

KVH Industries, Inc. (NASDAQ:KVHI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.42 and traded as high as $5.57. KVH Industries shares last traded at $5.44, with a volume of 9,249 shares trading hands.

KVH Industries Trading Up 0.5%

The firm has a 50 day moving average of $5.24 and a 200-day moving average of $5.42. The company has a market cap of $106.53 million, a P/E ratio of -11.09 and a beta of 0.79.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). KVH Industries had a negative return on equity of 4.47% and a negative net margin of 8.72%. The firm had revenue of $25.41 million during the quarter, compared to the consensus estimate of $28.39 million.

Hedge Funds Weigh In On KVH Industries

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its position in shares of KVH Industries by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider’s stock valued at $226,000 after purchasing an additional 1,796 shares during the last quarter. Geode Capital Management LLC increased its position in shares of KVH Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider’s stock valued at $839,000 after purchasing an additional 7,466 shares during the last quarter. Northern Trust Corp increased its position in shares of KVH Industries by 24.8% during the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider’s stock valued at $454,000 after purchasing an additional 15,796 shares during the last quarter. Systematic Financial Management LP boosted its holdings in KVH Industries by 1.4% during the 1st quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock valued at $6,338,000 after acquiring an additional 16,471 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in KVH Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider’s stock valued at $4,791,000 after acquiring an additional 18,448 shares during the period. Institutional investors own 73.66% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.