Gilat Satellite Networks (GILT) Downgraded by BidaskClub
Gilat Satellite Networks (NASDAQ:GILT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
Separately, ValuEngine raised Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th.
Gilat Satellite Networks (NASDAQ GILT) opened at $8.19 on Friday. The stock has a market capitalization of $445.56, a P/E ratio of 54.60 and a beta of 0.96. Gilat Satellite Networks has a 12-month low of $4.12 and a 12-month high of $8.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.45.
An institutional investor recently raised its position in Gilat Satellite Networks stock. Renaissance Technologies LLC boosted its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,723,554 shares of the communications equipment provider’s stock after acquiring an additional 13,500 shares during the quarter. Renaissance Technologies LLC owned 4.99% of Gilat Satellite Networks worth $14,054,000 at the end of the most recent quarter. 7.94% of the stock is owned by institutional investors and hedge funds.
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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