Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.23 and traded as high as $6.43. Gilat Satellite Networks shares last traded at $6.35, with a volume of 123,901 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on GILT shares. Needham & Company LLC reaffirmed a "buy" rating and set a $8.50 target price on shares of Gilat Satellite Networks in a research note on Wednesday, February 26th. StockNews.com lowered Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 7th.
Get Our Latest Stock Report on Gilat Satellite Networks
Gilat Satellite Networks Stock Performance
The company has a market cap of $371.18 million, a P/E ratio of 14.79 and a beta of 0.49. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $6.49 and a two-hundred day simple moving average of $6.24.
Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. Gilat Satellite Networks had a return on equity of 9.74% and a net margin of 8.14%. On average, sell-side analysts anticipate that Gilat Satellite Networks Ltd. will post 0.5 EPS for the current year.
Institutional Investors Weigh In On Gilat Satellite Networks
Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Gilat Satellite Networks during the third quarter worth about $61,000. Tidal Investments LLC grew its holdings in Gilat Satellite Networks by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider's stock valued at $335,000 after buying an additional 2,812 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Gilat Satellite Networks during the fourth quarter valued at approximately $864,000. Van ECK Associates Corp lifted its holdings in shares of Gilat Satellite Networks by 279.0% in the fourth quarter. Van ECK Associates Corp now owns 136,380 shares of the communications equipment provider's stock worth $839,000 after buying an additional 100,396 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Gilat Satellite Networks during the fourth quarter worth $226,000. Hedge funds and other institutional investors own 35.72% of the company's stock.
About Gilat Satellite Networks
(
Get Free Report)
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. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.
Recommended Stories
Before you consider Gilat Satellite Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gilat Satellite Networks wasn't on the list.
While Gilat Satellite Networks currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
