Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.78 and traded as high as $7.45. Gilat Satellite Networks shares last traded at $7.12, with a volume of 485,857 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on GILT. StockNews.com cut shares of Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday. Needham & Company LLC reissued a "buy" rating and set a $8.50 target price on shares of Gilat Satellite Networks in a research report on Wednesday, February 26th.
View Our Latest Stock Analysis on GILT
Gilat Satellite Networks Stock Down 4.5 %
The firm has a 50-day moving average price of $6.93 and a two-hundred day moving average price of $5.81. The company has a market capitalization of $383.15 million, a P/E ratio of 15.27 and a beta of 0.62. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01.
Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last released its earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 EPS for the quarter, beating 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%. Equities research analysts anticipate that Gilat Satellite Networks Ltd. will post 0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Gilat Satellite Networks
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its position in shares of Gilat Satellite Networks by 9.0% in the 4th quarter. Foundry Partners LLC now owns 909,490 shares of the communications equipment provider's stock worth $5,593,000 after acquiring an additional 75,260 shares during the period. LBP AM SA lifted its position in Gilat Satellite Networks by 83.9% in the fourth quarter. LBP AM SA now owns 347,268 shares of the communications equipment provider's stock worth $2,136,000 after purchasing an additional 158,468 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Gilat Satellite Networks by 43.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 215,597 shares of the communications equipment provider's stock worth $1,329,000 after buying an additional 65,374 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Gilat Satellite Networks by 62.9% during the fourth quarter. Lazard Asset Management LLC now owns 167,268 shares of the communications equipment provider's stock worth $1,028,000 after buying an additional 64,610 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Gilat Satellite Networks in the 4th quarter valued at $864,000. 35.72% of the stock is currently owned by institutional investors.
Gilat Satellite Networks Company Profile
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Get Free Report)
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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