Home / Networking / BidaskClub Lowers Gilat Satellite Networks (GILT) to Hold – Fairfield Current

BidaskClub Lowers Gilat Satellite Networks (GILT) to Hold – Fairfield Current

Gilat Satellite Networks (NASDAQ:GILT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, December 25th.

Separately, TheStreet upgraded shares of Gilat Satellite Networks from a “c+” rating to a “b-” rating in a research note on Thursday, August 30th.

Shares of GILT stock opened at $9.11 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Gilat Satellite Networks has a one year low of $7.36 and a one year high of $10.74. The stock has a market cap of $495.39 million, a PE ratio of 30.13 and a beta of 0.70.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings results on Monday, November 12th. The communications equipment provider reported $0.09 EPS for the quarter. Gilat Satellite Networks had a net margin of 5.91% and a return on equity of 7.35%. The business had revenue of $62.78 million for the quarter.

Several large investors have recently made changes to their positions in the business. Ramsey Quantitative Systems increased its stake in shares of Gilat Satellite Networks by 47.2% during the third quarter. Ramsey Quantitative Systems now owns 62,106 shares of the communications equipment provider’s stock valued at $532,000 after acquiring an additional 19,917 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Gilat Satellite Networks during the third quarter valued at approximately $3,928,000. Finally, Renaissance Technologies LLC increased its stake in shares of Gilat Satellite Networks by 1.1% during the third quarter. Renaissance Technologies LLC now owns 2,927,633 shares of the communications equipment provider’s stock valued at $25,061,000 after acquiring an additional 33,079 shares during the period. Institutional investors own 15.41% of the company’s stock.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication (Satcom) network solutions and services worldwide. The company operates through Commercial, Mobility, and Services divisions. The company designs, manufactures, and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers.

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