Gilat Satellite Networks (NASDAQ:GILT) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a sell rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

Separately, ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a research report on Thursday, July 11th.

Shares of Gilat Satellite Networks stock traded up $0.02 during mid-day trading on Tuesday, reaching $8.51. 9 shares of the stock were exchanged, compared to its average volume of 8,409. The company has a market capitalization of $480.68 million, a P/E ratio of 28.90 and a beta of 0.64. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $8.43. Gilat Satellite Networks has a fifty-two week low of $7.94 and a fifty-two week high of $10.74.

Gilat Satellite Networks (NASDAQ:GILT) last announced its earnings results on Tuesday, May 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $62.11 million during the quarter. Gilat Satellite Networks had a net margin of 7.25% and a return on equity of 7.37%.

A number of institutional investors and hedge funds have recently bought and sold shares of GILT. Jane Street Group LLC boosted its holdings in shares of Gilat Satellite Networks by 18.5% in the 4th quarter. Jane Street Group LLC now owns 17,829 shares of the communications equipment provider’s stock valued at $163,000 after purchasing an additional 2,788 shares during the last quarter. Norges Bank acquired a new position in shares of Gilat Satellite Networks during the 4th quarter valued at $2,107,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Gilat Satellite Networks by 1.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 707,470 shares of the communications equipment provider’s stock valued at $6,261,000 after acquiring an additional 7,675 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gilat Satellite Networks during the 1st quarter valued at $33,000. Finally, Meitav Dash Investments Ltd. lifted its holdings in shares of Gilat Satellite Networks by 25.8% during the 1st quarter. Meitav Dash Investments Ltd. now owns 414,972 shares of the communications equipment provider’s stock valued at $3,408,000 after acquiring an additional 84,992 shares in the last quarter. Hedge funds and other institutional investors own 16.18% of the company’s stock.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.

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