KVH Industries (NASDAQ:KVHI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of KVH Industries, Inc. (NASDAQ:KVHI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

KVH Industries Stock Performance

The company’s 50 day moving average is $5.71 and its 200 day moving average is $5.35. The stock has a market capitalization of $108.31 million, a price-to-earnings ratio of -5.65 and a beta of 0.68.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its stake in KVH Industries by 4.5% during the fourth quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider’s stock valued at $226,000 after acquiring an additional 1,796 shares during the period. Barclays PLC grew its holdings in shares of KVH Industries by 4.2% during the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 2,645 shares in the last quarter. State Street Corp increased its position in shares of 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 purchasing an additional 3,400 shares during the period. Geode Capital Management LLC raised its stake in shares of KVH Industries by 5.3% in the fourth 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 in the last quarter. Finally, Northern Trust Corp lifted its position in KVH Industries by 24.8% in the fourth quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider’s stock worth $454,000 after purchasing an additional 15,796 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.