Gilat Satellite Networks Ltd. (NASDAQ:GILT) Short Interest Update

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 556,600 shares, an increase of 89.5% from the February 13th total of 293,700 shares. Based on an average trading volume of 493,600 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GILT. Needham & Company LLC restated a "buy" rating and set a $8.50 target price on shares of Gilat Satellite Networks in a research report on Wednesday, February 26th. StockNews.com lowered shares of Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in Gilat Satellite Networks during the 3rd quarter worth about $27,000. Covestor Ltd bought a new stake in shares of Gilat Satellite Networks in the 4th quarter valued at about $29,000. Virtu Financial LLC bought a new stake in shares of Gilat Satellite Networks in the 3rd quarter valued at about $61,000. Quarry LP bought a new stake in shares of Gilat Satellite Networks in the 4th quarter valued at about $68,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Gilat Satellite Networks in the 4th quarter valued at about $85,000. 35.72% of the stock is currently owned by institutional investors.

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Gilat Satellite Networks Trading Down 4.2 %

Shares of GILT traded down $0.30 during midday trading on Tuesday, hitting $6.87. The stock had a trading volume of 255,208 shares, compared to its average volume of 280,115. The firm has a market cap of $391.71 million, a PE ratio of 15.61 and a beta of 0.62. Gilat Satellite Networks has a 1 year low of $4.04 and a 1 year high of $8.05. The stock's 50 day moving average is $7.03 and its 200 day moving average is $5.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.52 and a quick ratio of 2.14.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Gilat Satellite Networks had a net margin of 8.14% and a return on equity of 9.74%. As a group, analysts forecast that Gilat Satellite Networks will post 0.5 EPS for the current fiscal year.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.