BidaskClub Upgrades Gilat Satellite Networks (GILT) to Buy

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

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

GILT opened at $9.28 on Tuesday. Gilat Satellite Networks has a fifty-two week low of $6.59 and a fifty-two week high of $9.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.56. The firm has a market capitalization of $509.64 million, a price-to-earnings ratio of 34.44 and a beta of 0.92.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings data on Tuesday, August 7th. The communications equipment provider reported $0.06 earnings per share for the quarter. Gilat Satellite Networks had a net margin of 3.46% and a return on equity of 6.80%. The company had revenue of $66.51 million during the quarter.

An institutional investor recently raised its position in Gilat Satellite Networks stock. Ramsey Quantitative Systems lifted its stake in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 47.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,106 shares of the communications equipment provider’s stock after purchasing an additional 19,917 shares during the period. Gilat Satellite Networks comprises 0.5% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 13th biggest position. Ramsey Quantitative Systems owned about 0.11% of Gilat Satellite Networks worth $532,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.32% of the company’s stock.

Gilat Satellite Networks Company Profile

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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