Gilat Satellite Networks (NASDAQ:GILT) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.88 and traded as high as $7.12. Gilat Satellite Networks shares last traded at $7.04, with a volume of 278,762 shares.

Wall Street Analyst Weigh In

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

Gilat Satellite Networks Price Performance

The company has a 50-day moving average of $7.03 and a two-hundred day moving average of $5.91. The stock has a market capitalization of $391.71 million, a PE ratio of 15.61 and a beta of 0.62. 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 released its earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Gilat Satellite Networks had a return on equity of 9.74% and a net margin of 8.14%. Sell-side analysts predict that Gilat Satellite Networks Ltd. will post 0.5 EPS for the current fiscal year.

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Institutional Investors Weigh In On Gilat Satellite Networks

Hedge funds have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new position in shares of Gilat Satellite Networks in the 4th quarter worth approximately $257,000. Tidal Investments LLC grew its position in shares of Gilat Satellite Networks by 3.4% in the 4th quarter. Tidal Investments LLC now owns 65,779 shares of the communications equipment provider's stock worth $405,000 after acquiring an additional 2,158 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Gilat Satellite Networks by 62.9% in the 4th quarter. Lazard Asset Management LLC now owns 167,268 shares of the communications equipment provider's stock worth $1,028,000 after acquiring an additional 64,610 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Gilat Satellite Networks by 83.4% in the 4th quarter. Bank of America Corp DE now owns 49,526 shares of the communications equipment provider's stock worth $305,000 after purchasing an additional 22,515 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Gilat Satellite Networks in the 4th quarter worth approximately $421,000. 35.72% of the stock is currently owned by hedge funds and other institutional investors.

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.