KVH Industries (NASDAQ:KVHI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

KVH Industries, Inc. (NASDAQ:KVHI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.83 and traded as high as $5.63. KVH Industries shares last traded at $5.55, with a volume of 21,077 shares traded.

KVH Industries Stock Performance

The business’s 50 day moving average price is $5.20 and its 200 day moving average price is $4.83. The firm has a market cap of $109.88 million, a price-to-earnings ratio of -5.72 and a beta of 0.64.

Insiders Place Their Bets

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 17,499 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $4.67 per share, with a total value of $81,720.33. Following the completion of the acquisition, the insider now owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its position in KVH Industries by 4.2% during the third quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider’s stock worth $316,000 after acquiring an additional 2,645 shares during the period. State Street Corp raised its position in shares of KVH Industries by 6.0% during the 3rd quarter. State Street Corp now owns 59,980 shares of the communications equipment provider’s stock worth $290,000 after purchasing an additional 3,400 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in KVH Industries in the 2nd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KVH Industries in the 2nd quarter worth about $130,000. Finally, AQR Capital Management LLC purchased a new stake in KVH Industries during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors 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.