Gilat Satellite Networks Ltd. (GILT) Raised to “Buy” at ValuEngine
ValuEngine upgraded shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) from a hold rating to a buy rating in a research report sent to investors on Tuesday.
A number of other brokerages also recently issued reports on GILT. BidaskClub downgraded Gilat Satellite Networks from a buy rating to a hold rating in a report on Wednesday, July 19th. 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) traded down $0.28 during trading hours on Tuesday, hitting $7.16. The stock had a trading volume of 63,600 shares, compared to its average volume of 26,255. Gilat Satellite Networks has a twelve month low of $4.12 and a twelve month high of $7.90. The stock has a market cap of $407.02, a P/E ratio of 25.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.46.
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A hedge fund recently raised its stake in Gilat Satellite Networks stock. Renaissance Technologies LLC grew its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 about 4.99% of Gilat Satellite Networks worth $14,054,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.93% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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