BidaskClub upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a hold rating to a buy rating in a research note released on Wednesday.

Separately, ValuEngine upgraded shares of Gilat Satellite Networks from a hold rating to a buy rating in a research note on Tuesday, November 14th.

Gilat Satellite Networks (NASDAQ GILT) opened at $7.47 on Wednesday. Gilat Satellite Networks has a 12 month low of $4.12 and a 12 month high of $8.40. The company has a quick ratio of 1.45, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $419.11, a P/E ratio of 49.80 and a beta of 1.02.

Gilat Satellite Networks (NASDAQ:GILT) last issued its quarterly earnings results on Tuesday, November 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a net margin of 2.83% and a return on equity of 7.58%. The company had revenue of $69.94 million during the quarter.

A number of institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Gilat Satellite Networks by 8,747,337.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 699,795 shares of the communications equipment provider’s stock worth $5,413,000 after acquiring an additional 699,787 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Gilat Satellite Networks during the 4th quarter worth approximately $150,000. Finally, Renaissance Technologies LLC lifted its position in shares of Gilat Satellite Networks by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,723,554 shares of the communications equipment provider’s stock worth $14,054,000 after buying an additional 13,500 shares during the last quarter. Institutional investors own 7.97% of the company’s stock.

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Gilat Satellite Networks Company Profile

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.

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