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

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 changing hands.

KVH Industries Trading Up 3.5 %

The stock 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 moving average is $5.20 and its two-hundred day moving average is $4.83.

Insider Activity at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $4.67 per share, with a total value of $81,720.33. Following the purchase, the insider now directly owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. This trade represents a 0.85 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 20.70% of the company’s stock.

Institutional Trading of KVH Industries

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

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.