Norsat International Inc (NYSE:NSAT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “NORSAT INTL INC has established a solid history of developing innovative, high quality products, bringing many industry firsts to market. Their current product line includes Microwave Products and Open Network systems based on the Digital Video Broadcasting open standard. Norsat designs, engineers, and markets its microwave products and open standard network solutions world-wide. Norsat’s established reputation, proven track record, and progressive product offering positions the company to achieve its vision. “

Norsat International (NYSE:NSAT) opened at 7.88 on Friday. The company has a 50-day moving average price of $6.28 and a 200-day moving average price of $6.01. Norsat International has a 12-month low of $3.90 and a 12-month high of $8.75. The firm has a market capitalization of $45.43 million and a PE ratio of 4.78.

An institutional investor recently raised its position in Norsat International stock. Hillsdale Investment Management Inc. increased its position in shares of Norsat International Inc (NYSE:NSAT) by 13.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,600 shares of the company’s stock after buying an additional 12,700 shares during the period. Hillsdale Investment Management Inc. owned 1.92% of Norsat International worth $753,000 as of its most recent filing with the SEC.

Norsat International Company Profile

Norsat International Inc is a provider of communication solutions used by government organizations, militaries, transportation, resource and marine industry companies, news organizations, public safety search and rescue operators, and others. The Company operates through two segments: Sinclair Technologies and Satellite Communications.

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