Gilat Satellite Networks (GILT) Upgraded at BidaskClub

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, ValuEngine downgraded Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Gilat Satellite Networks (NASDAQ:GILT) opened at $7.47 on Wednesday. Gilat Satellite Networks has a 52 week low of $4.12 and a 52 week high of $8.40. The company has a quick ratio of 1.45, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $420.93, a P/E ratio of 26.52 and a beta of 1.02.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings data on Tuesday, November 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a return on equity of 7.58% and a net margin of 2.83%. The company had revenue of $69.94 million during the quarter.

Several institutional investors have recently added to or reduced their stakes in GILT. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Gilat Satellite Networks by 8,747,337.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 699,795 shares of the communications equipment provider’s stock valued at $5,413,000 after buying an additional 699,787 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $150,000. Finally, Renaissance Technologies LLC increased its stake in shares of Gilat Satellite Networks by 0.5% in the second quarter. Renaissance Technologies LLC now owns 2,723,554 shares of the communications equipment provider’s stock valued at $14,054,000 after buying an additional 13,500 shares during the period. 7.97% of the stock is owned by institutional investors.

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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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