Separately, BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th.
Shares of NASDAQ GILT opened at $8.75 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $8.41. The company has a market cap of $483.48 million, a price-to-earnings ratio of 29.17 and a beta of 0.64. Gilat Satellite Networks has a twelve month low of $7.94 and a twelve month high of $10.74.
Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Tuesday, May 14th. The communications equipment provider reported $0.06 earnings per share for the quarter. The business had revenue of $62.11 million during the quarter. Gilat Satellite Networks had a return on equity of 7.37% and a net margin of 7.25%.
A number of hedge funds and other institutional investors have recently modified their holdings of GILT. Clal Insurance Enterprises Holdings Ltd raised its position in Gilat Satellite Networks by 67.2% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 921,528 shares of the communications equipment provider’s stock valued at $7,747,000 after purchasing an additional 370,507 shares in the last quarter. Norges Bank purchased a new position in shares of Gilat Satellite Networks in the 4th quarter valued at $2,107,000. Meitav Dash Investments Ltd. increased its holdings in shares of Gilat Satellite Networks by 25.8% in the 1st quarter. Meitav Dash Investments Ltd. now owns 414,972 shares of the communications equipment provider’s stock valued at $3,408,000 after acquiring an additional 84,992 shares during the period. Sphera Funds Management LTD. increased its holdings in shares of Gilat Satellite Networks by 5.8% in the 1st quarter. Sphera Funds Management LTD. now owns 176,406 shares of the communications equipment provider’s stock valued at $1,482,000 after acquiring an additional 9,743 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Gilat Satellite Networks by 1.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 707,470 shares of the communications equipment provider’s stock valued at $6,261,000 after acquiring an additional 7,675 shares during the period. 16.18% of the stock is owned by institutional investors and hedge funds.
About Gilat Satellite Networks
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.
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