Gilat Satellite Networks (NASDAQ:GILT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a buy rating to a strong-buy rating in a report published on Friday morning.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a report on Friday. William Blair started coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They set an “outperform” rating for the company.

Gilat Satellite Networks Trading Up 3.2 %

NASDAQ:GILT traded up $0.16 during trading hours on Friday, reaching $5.03. The company’s stock had a trading volume of 182,862 shares, compared to its average volume of 190,736. Gilat Satellite Networks has a 1 year low of $4.04 and a 1 year high of $6.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.14. The firm has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $4.90. The firm has a market capitalization of $286.81 million, a price-to-earnings ratio of 17.35 and a beta of 0.59.

Hedge Funds Weigh In On Gilat Satellite Networks

Several large investors have recently made changes to their positions in the business. Quadrature Capital Ltd boosted its holdings in shares of Gilat Satellite Networks by 19.6% during the 1st quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 5,559 shares during the last quarter. AWM Investment Company Inc. purchased a new position in Gilat Satellite Networks during the first quarter worth $4,201,000. Tidal Investments LLC purchased a new position in shares of Gilat Satellite Networks during the 1st quarter worth about $316,000. LA Financiere DE L Echiquier grew its stake in shares of Gilat Satellite Networks by 20.4% during the second quarter. LA Financiere DE L Echiquier now owns 188,800 shares of the communications equipment provider’s stock valued at $844,000 after buying an additional 32,000 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Gilat Satellite Networks in the 2nd quarter valued at $69,000. 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.