Gilat Satellite Networks (NASDAQ:GILT) Lifted to Strong-Buy at StockNews.com

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Gilat Satellite Networks Stock Down 1.0 %

GILT stock opened at $6.09 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.90 and a quick ratio of 1.60. Gilat Satellite Networks has a 1-year low of $4.51 and a 1-year high of $7.16. The firm has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $6.11. The firm has a market cap of $347.25 million, a price-to-earnings ratio of 14.50 and a beta of 0.59.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings results on Monday, February 26th. The communications equipment provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $75.61 million during the quarter. Gilat Satellite Networks had a net margin of 8.83% and a return on equity of 7.42%.

Hedge Funds Weigh In On Gilat Satellite Networks

A number of institutional investors and hedge funds have recently bought and sold shares of GILT. Advisor Group Holdings Inc. grew its position in Gilat Satellite Networks by 31.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 34,965 shares of the communications equipment provider’s stock valued at $308,000 after buying an additional 8,315 shares in the last quarter. Swiss National Bank grew its position in Gilat Satellite Networks by 6.2% in the 1st quarter. Swiss National Bank now owns 73,949 shares of the communications equipment provider’s stock valued at $657,000 after buying an additional 4,332 shares in the last quarter. Cetera Advisor Networks LLC grew its position in Gilat Satellite Networks by 31.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 38,094 shares of the communications equipment provider’s stock valued at $338,000 after buying an additional 9,033 shares in the last quarter. Citigroup Inc. bought a new position in Gilat Satellite Networks in the 1st quarter valued at about $204,000. Finally, Vanguard Group Inc. lifted its holdings in Gilat Satellite Networks by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 798,840 shares of the communications equipment provider’s stock valued at $7,037,000 after acquiring an additional 30,244 shares during the last quarter. Institutional investors own 35.72% of the company’s stock.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services.