Gilat Satellite Networks (NASDAQ:GILT) Stock Rating Upgraded by StockNews.com

Gilat Satellite Networks (NASDAQ:GILT) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Several other research firms have also recently issued reports on GILT. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research note on Friday. William Blair initiated coverage on shares of Gilat Satellite Networks in a report on Thursday, September 26th. They issued an “outperform” rating on the stock.

Gilat Satellite Networks Trading Up 3.2 %

Shares of GILT opened at $5.03 on Friday. Gilat Satellite Networks has a twelve month low of $4.04 and a twelve month high of $6.80. The stock has a market cap of $286.80 million, a PE ratio of 17.34 and a beta of 0.59. The company has a quick ratio of 1.81, a current ratio of 2.14 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $5.01 and its 200-day moving average price is $4.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GILT. AWM Investment Company Inc. purchased a new position in Gilat Satellite Networks in the 1st quarter worth approximately $4,201,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Gilat Satellite Networks in the second quarter worth $3,000,000. Foundry Partners LLC increased its stake in Gilat Satellite Networks by 27.4% in the second quarter. Foundry Partners LLC now owns 826,185 shares of the communications equipment provider’s stock valued at $3,693,000 after acquiring an additional 177,675 shares during the last quarter. Marshall Wace LLP raised 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 valued at $578,000 after purchasing an additional 103,924 shares in the last quarter. Finally, Clearline Capital LP lifted its stake in Gilat Satellite Networks by 510.5% during the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after purchasing an additional 83,127 shares during the last quarter. 35.72% of the stock is currently owned by institutional investors.

About Gilat Satellite Networks

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.