Gilat Satellite Networks (NASDAQ:GILT) Lifted to Strong-Buy at StockNews.com

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

Gilat Satellite Networks Trading Down 1.0 %

Shares of NASDAQ:GILT opened at $6.09 on Friday. Gilat Satellite Networks has a 12-month low of $4.51 and a 12-month high of $7.16. The business’s fifty day simple moving average is $5.95 and its 200-day simple moving average is $6.11. The company has a market capitalization of $347.25 million, a PE ratio of 14.50 and a beta of 0.59. The company has a current ratio of 1.90, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01.

Gilat Satellite Networks (NASDAQ:GILT) last announced its quarterly earnings results on Monday, February 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Gilat Satellite Networks had a return on equity of 7.42% and a net margin of 8.83%. The business had revenue of $75.61 million for the quarter.

Institutional Trading of Gilat Satellite Networks

A number of institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd boosted its position in shares of Gilat Satellite Networks by 129.3% in the 4th quarter. Quadrature Capital Ltd now owns 28,378 shares of the communications equipment provider’s stock worth $174,000 after purchasing an additional 16,004 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Gilat Satellite Networks by 74.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 165,974 shares of the communications equipment provider’s stock worth $1,014,000 after acquiring an additional 70,735 shares during the period. GSA Capital Partners LLP lifted its position in Gilat Satellite Networks by 140.6% during the 4th quarter. GSA Capital Partners LLP now owns 56,609 shares of the communications equipment provider’s stock worth $346,000 after acquiring an additional 33,085 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Gilat Satellite Networks during the 4th quarter worth about $82,000. Finally, Kent Lake Capital LLC lifted its holdings in shares of Gilat Satellite Networks by 3.6% in the 4th quarter. Kent Lake Capital LLC now owns 362,717 shares of the communications equipment provider’s stock valued at $2,216,000 after buying an additional 12,717 shares during the period. Institutional investors and hedge funds own 35.72% of the company’s stock.

About Gilat Satellite Networks

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. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services.