KVH Industries (NASDAQ:KVHI) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of KVH Industries, Inc. (NASDAQ:KVHI) 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 trading hands.

KVH Industries Stock Performance

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

Insider Transactions at KVH Industries

In related news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price 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 $9,701,920.33. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.70% of the company’s stock.

Institutional Trading of KVH Industries

Several large investors have recently added to or reduced their stakes in KVHI. Acuitas Investments LLC grew its holdings in shares of KVH Industries by 19.1% in the second quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider’s stock valued at $1,237,000 after purchasing an additional 42,613 shares during the period. American Century Companies Inc. purchased a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $54,000. Renaissance Technologies LLC raised its position in shares of KVH Industries by 38.8% during the 2nd quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider’s stock valued at $825,000 after buying an additional 49,600 shares during the period. Hsbc Holdings PLC lifted its holdings in KVH Industries by 19.7% in the second quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider’s stock valued at $145,000 after acquiring an additional 5,054 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in KVH Industries in the second quarter worth approximately $75,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

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.