BidaskClub Lowers Gilat Satellite Networks (GILT) to Buy
BidaskClub downgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.
Several other research firms have also issued reports on GILT. ValuEngine lowered Gilat Satellite Networks from a buy rating to a hold rating in a report on Friday, December 1st. TheStreet upgraded Gilat Satellite Networks from a d+ rating to a c rating in a report on Thursday, August 24th.
Shares of Gilat Satellite Networks (NASDAQ:GILT) opened at $7.13 on Friday. 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 $413.10, a PE ratio of 26.03 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. boosted its holdings in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 reporting period. 7.94% of the stock is currently owned by hedge funds and other institutional investors.
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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