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

KVH Industries, Inc. (NASDAQ:KVHI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.34 and traded as high as $5.53. KVH Industries shares last traded at $5.48, with a volume of 32,341 shares trading hands.

KVH Industries Stock Up 1.7 %

The stock has a market cap of $108.31 million, a P/E ratio of -5.65 and a beta of 0.68. The firm’s 50-day moving average is $5.71 and its two-hundred day moving average is $5.35.

Institutional Investors Weigh In On KVH Industries

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in KVH Industries by 6.0% during the third quarter. State Street Corp now owns 59,980 shares of the communications equipment provider’s stock valued at $290,000 after buying an additional 3,400 shares in the last quarter. Barclays PLC raised its stake in shares of KVH Industries by 4.2% in the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider’s stock valued at $316,000 after acquiring an additional 2,645 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of KVH Industries in the 4th quarter valued at approximately $1,909,000. Kovack Advisors Inc. acquired a new stake in KVH Industries in the 4th quarter worth approximately $197,000. Finally, Geode Capital Management LLC boosted its position in KVH Industries by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider’s stock worth $839,000 after purchasing an additional 7,466 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

About KVH Industries

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.