Gilat Satellite Networks (GILT) Lifted to Buy at BidaskClub

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

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 NASDAQ GILT opened at $9.38 on Tuesday. The company has a market capitalization of $509.64 million, a PE ratio of 34.37 and a beta of 0.92. Gilat Satellite Networks has a 52-week low of $6.89 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 1.77.

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

A hedge fund recently raised its stake in Gilat Satellite Networks stock. Ramsey Quantitative Systems increased its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 17.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,189 shares of the communications equipment provider’s stock after acquiring an additional 6,420 shares during the quarter. Gilat Satellite Networks accounts for approximately 0.4% of Ramsey Quantitative Systems’ portfolio, making the stock its 25th largest position. Ramsey Quantitative Systems owned approximately 0.08% of Gilat Satellite Networks worth $388,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.32% 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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