ValuEngine upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a hold rating to a buy rating in a research note published on Tuesday morning.
Separately, BidaskClub cut Gilat Satellite Networks from a buy rating to a hold rating in a report on Friday, January 26th.
Gilat Satellite Networks (NASDAQ GILT) opened at $7.51 on Tuesday. The stock has a market capitalization of $409.43, a price-to-earnings ratio of 50.07 and a beta of 1.02. Gilat Satellite Networks has a twelve month low of $4.12 and a twelve month high of $8.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 1.65.
Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings data on Tuesday, November 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $69.94 million during the quarter. Gilat Satellite Networks had a return on equity of 7.58% and a net margin of 2.83%.
Several large investors have recently made changes to their positions in GILT. Renaissance Technologies LLC increased its stake in shares of Gilat Satellite Networks by 0.5% in the second quarter. Renaissance Technologies LLC now owns 2,723,554 shares of the communications equipment provider’s stock valued at $14,054,000 after buying an additional 13,500 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Gilat Satellite Networks in the fourth quarter valued at $150,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Gilat Satellite Networks by 8,747,337.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 699,795 shares of the communications equipment provider’s stock valued at $5,413,000 after buying an additional 699,787 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Gilat Satellite Networks in the fourth quarter valued at $201,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Gilat Satellite Networks in the fourth quarter valued at $290,000. Institutional investors own 9.25% of the company’s stock.
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Gilat Satellite Networks Company Profile
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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