Gilat Satellite Networks Ltd (NASDAQ:GILT) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a report released on Friday, Stock Ratings Network reports.
The analysts wrote, “Gilat Satellite Networks (GILT) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share.”
Shares of Gilat Satellite Networks Ltd (NASDAQ:GILT) traded down 0.19% during mid-day trading on Friday, hitting $5.13. The stock had a trading volume of 11,600 shares. Gilat Satellite Networks Ltd has a 52 week low of $2.90 and a 52 week high of $6.20. The stock has a 50-day moving average of $5.37 and a 200-day moving average of $5.49. The company’s market cap is $214.3 million.
Separately, analysts at Sidoti downgraded shares of Gilat Satellite Networks Ltd from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 19th.
Gilat Satellite Networks Ltd. (NASDAQ:GILT) is a provider of Internet Protocol (IP)-based digital satellite communication and networking products and services.