Gilat Satellite Networks Ltd. (NASDAQ:GILT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.59 and last traded at $7.59, with a volume of 4000 shares trading hands. The stock had previously closed at $7.61.

A number of brokerages have recently commented on GILT. BidaskClub raised Gilat Satellite Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet raised Gilat Satellite Networks from a “d+” rating to a “c” rating in a research note on Thursday, August 24th.

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.63. The stock has a market cap of $413.38, a price-to-earnings ratio of 29.88 and a beta of 0.91.

Gilat Satellite Networks (NASDAQ:GILT) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a return on equity of 6.59% and a net margin of 1.27%. The firm had revenue of $66.24 million for the quarter.

An institutional investor recently raised its position in Gilat Satellite Networks stock. Edmond DE Rothschild Holding S.A. grew its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 13.8% in 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 period. Edmond DE Rothschild Holding S.A. owned 0.07% of Gilat Satellite Networks worth $193,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.94% 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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