Gilat Satellite Networks (GILT) Stock Rating Upgraded by BidaskClub

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, ValuEngine downgraded Gilat Satellite Networks to a “strong-buy” rating in a research report on Monday, April 2nd.

Shares of NASDAQ GILT opened at $8.76 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $480.60 million, a price-to-earnings ratio of 30.24 and a beta of 0.90. Gilat Satellite Networks has a 12 month low of $4.31 and a 12 month high of $9.22.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings results on Tuesday, May 15th. The communications equipment provider reported $0.06 EPS for the quarter. The company had revenue of $67.37 million for the quarter. Gilat Satellite Networks had a return on equity of 7.35% and a net margin of 3.46%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GILT. Deutsche Bank AG increased its position in shares of Gilat Satellite Networks by 59.2% during the fourth quarter. Deutsche Bank AG now owns 20,918 shares of the communications equipment provider’s stock valued at $161,000 after purchasing an additional 7,776 shares during the period. Jane Street Group LLC bought a new stake in shares of Gilat Satellite Networks during the fourth quarter valued at approximately $188,000. Ramsey Quantitative Systems bought a new stake in shares of Gilat Satellite Networks during the fourth quarter valued at approximately $201,000. ARK Investment Management LLC bought a new stake in shares of Gilat Satellite Networks during the fourth quarter valued at approximately $290,000. Finally, Meitav Dash Investments Ltd. bought a new stake in shares of Gilat Satellite Networks during the fourth quarter valued at approximately $874,000. Institutional investors and hedge funds own 15.49% of the company’s stock.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication (Satcom) network solutions and services worldwide. The company operates through Commercial, Mobility, and Services divisions. The company designs, manufactures, and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers.

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