Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares reached a new 52-week high during trading on Friday . The stock traded as high as $8.57 and last traded at $8.50, with a volume of 11900 shares traded. The stock had previously closed at $8.50.
Several research analysts have commented on the company. ValuEngine raised Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. BidaskClub raised Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th.
The company has a market capitalization of $464.72, a price-to-earnings ratio of 32.65 and a beta of 1.02. The company has a current ratio of 1.68, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06.
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $150,000. Deutsche Bank AG increased its holdings in shares of Gilat Satellite Networks by 59.2% in the fourth quarter. Deutsche Bank AG now owns 20,918 shares of the communications equipment provider’s stock valued at $161,000 after purchasing an additional 7,776 shares during the period. Jane Street Group LLC acquired a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $188,000. Ramsey Quantitative Systems acquired a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $201,000. Finally, ARK Investment Management LLC acquired a new position in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $290,000. 9.47% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Gilat Satellite Networks (GILT) Reaches New 12-Month High at $8.57” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2018/02/23/gilat-satellite-networks-gilt-reaches-new-12-month-high-at-8-57.html.
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.
Receive News & Ratings for Gilat Satellite Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gilat Satellite Networks and related companies with MarketBeat.com's FREE daily email newsletter.