Gilat Satellite Networks (GILT) Upgraded to Strong-Buy at BidaskClub

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

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Gilat Satellite Networks from a hold rating to a buy rating in a research report on Tuesday, November 14th. TheStreet upgraded Gilat Satellite Networks from a d+ rating to a c rating in a research report on Thursday, August 24th.

Shares of Gilat Satellite Networks (NASDAQ GILT) traded up $0.07 during mid-day trading on Thursday, hitting $7.59. The stock had a trading volume of 5,000 shares, compared to its average volume of 25,787. Gilat Satellite Networks has a twelve month low of $4.12 and a twelve month high of $7.90. The stock has a market capitalization of $413.64, a PE ratio of 50.60 and a beta of 0.96. The company has a current ratio of 1.65, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.

A hedge fund recently raised its stake in Gilat Satellite Networks stock. Edmond DE Rothschild Holding S.A. raised its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 13.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,206 shares of the communications equipment provider’s stock after buying an additional 4,750 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.07% of Gilat Satellite Networks worth $193,000 at the end of the most recent quarter. 7.94% of the stock is owned by institutional investors and hedge funds.

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About Gilat Satellite Networks

Gilat Satellite Networks Ltd. is a provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects.

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