Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.94 and traded as high as $6.14. Gilat Satellite Networks shares last traded at $6.02, with a volume of 178,701 shares traded.
A number of research firms have recently commented on GILT. William Blair started coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They issued an "outperform" rating on the stock. Needham & Company LLC restated a "buy" rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, November 15th.
Read Our Latest Report on GILT
The stock has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $4.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17. The firm has a market cap of $343.24 million, a P/E ratio of 20.76 and a beta of 0.59.
A number of hedge funds have recently bought and sold shares of GILT. BNP Paribas Financial Markets bought a new stake in shares of Gilat Satellite Networks in the third quarter worth approximately $27,000. Wedbush Securities Inc. bought a new stake in Gilat Satellite Networks in the 2nd quarter worth approximately $46,000. Virtu Financial LLC purchased a new stake in Gilat Satellite Networks during the 3rd quarter valued at $61,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Gilat Satellite Networks during the 2nd quarter valued at $69,000. Finally, Clearline Capital LP bought a new position in shares of Gilat Satellite Networks during the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 35.72% of the company's stock.
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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