KVH Industries (NASDAQ:KVHI) Share Price Crosses Above 200-Day Moving Average – Should You 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 $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 company has a 50 day simple moving average of $5.20 and a two-hundred day simple moving average of $4.83. The firm has a market cap of $109.88 million, a PE ratio of -5.72 and a beta of 0.64.

Insiders Place Their Bets

In related news, major shareholder Bradley Louis Radoff bought 17,499 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased 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 directly owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. The trade was 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 accessible through this link. 20.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KVH Industries

Several large investors have recently made changes to their positions in KVHI. Cubist Systematic Strategies LLC acquired a new position in shares of KVH Industries in the second quarter worth about $30,000. American Century Companies Inc. acquired a new position in KVH Industries in the 2nd quarter worth about $54,000. AQR Capital Management LLC purchased a new position in KVH Industries during the second quarter worth approximately $63,000. Marshall Wace LLP acquired a new stake in KVH Industries in the second quarter valued at approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KVH Industries in the second quarter valued at approximately $130,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.

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.