KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.
KVH Industries Stock Performance
The company has a market cap of $102.38 million, a P/E ratio of -5.34 and a beta of 0.68. The stock's fifty day moving average price is $5.67 and its two-hundred day moving average price is $5.36.
Hedge Funds Weigh In On KVH Industries
Several hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in KVH Industries in the fourth quarter valued at about $154,000. Black Diamond Capital Management L.L.C. lifted its holdings in shares of KVH Industries by 0.8% in the fourth quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider's stock worth $19,289,000 after acquiring an additional 26,656 shares during the last quarter. Northern Trust Corp boosted its stake in shares of KVH Industries by 24.8% in the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock valued at $454,000 after purchasing an additional 15,796 shares in the last quarter. Boothbay Fund Management LLC increased its position in KVH Industries by 26.9% during the 4th quarter. Boothbay Fund Management LLC now owns 89,539 shares of the communications equipment provider's stock worth $510,000 after purchasing an additional 19,008 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in KVH Industries by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider's stock valued at $226,000 after purchasing an additional 1,796 shares during the last quarter. Institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
(
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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.
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