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.
Check Out Our Latest Analysis on Gilat Satellite Networks
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.
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
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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.
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