Gilat Satellite Networks (NASDAQ:GILT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Gilat Satellite Networks Ltd. (NASDAQ:GILT)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.90 and traded as high as $5.11. Gilat Satellite Networks shares last traded at $5.06, with a volume of 189,458 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Thursday, August 8th. William Blair assumed coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They issued an “outperform” rating on the stock.

Gilat Satellite Networks Stock Up 2.8 %

The firm has a 50-day moving average price of $4.79 and a 200 day moving average price of $4.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.81. The company has a market cap of $288.51 million, a price-to-earnings ratio of 12.34 and a beta of 0.59.

Gilat Satellite Networks (NASDAQ:GILT) last posted its earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 EPS for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%. The company had revenue of $76.63 million for the quarter. Sell-side analysts predict that Gilat Satellite Networks Ltd. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Gilat Satellite Networks

Several institutional investors and hedge funds have recently made changes to their positions in GILT. AWM Investment Company Inc. acquired a new position in shares of Gilat Satellite Networks in the first quarter valued at approximately $4,201,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Gilat Satellite Networks during the second quarter worth approximately $3,000,000. Foundry Partners LLC acquired a new stake in Gilat Satellite Networks during the first quarter worth approximately $3,521,000. Marshall Wace LLP grew its position in Gilat Satellite Networks by 410.2% during the second quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 103,924 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Gilat Satellite Networks during the first quarter worth approximately $316,000. Institutional investors and hedge funds own 35.72% of the company’s stock.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.