Gilat Satellite Networks (NASDAQ:GILT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.90 and traded as high as $5.11. Gilat Satellite Networks shares last traded at $5.06, with a volume of 189,458 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on GILT shares. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research note on Thursday, August 8th. William Blair started coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They issued an “outperform” rating for the company.

Gilat Satellite Networks Stock Up 2.8 %

The company has a market capitalization of $288.51 million, a P/E ratio of 12.34 and a beta of 0.59. The company has a current ratio of 2.14, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $4.79 and a 200 day moving average price of $4.90.

Gilat Satellite Networks (NASDAQ:GILT) last announced its earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $76.63 million during the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%. On average, research analysts anticipate that Gilat Satellite Networks Ltd. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new position in shares of Gilat Satellite Networks in the 2nd quarter worth about $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Gilat Satellite Networks in the 2nd quarter worth about $69,000. Clearline Capital LP bought a new position in shares of Gilat Satellite Networks in the 2nd quarter worth about $73,000. Quadrature Capital Ltd raised its position in shares of Gilat Satellite Networks by 19.6% in the 1st quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock worth $184,000 after acquiring an additional 5,559 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new position in shares of Gilat Satellite Networks in the 2nd quarter worth about $243,000. 35.72% of the stock is owned by 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.