RigNet Inc (RNET) Given Average Rating of “Hold” by Brokerages
Shares of RigNet Inc (NASDAQ:RNET) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.33.
RNET has been the topic of a number of research analyst reports. ValuEngine cut RigNet from a “hold” rating to a “sell” rating in a report on Friday, October 20th. BidaskClub upgraded RigNet from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th.
Shares of RigNet (RNET) traded up $0.45 during trading on Thursday, reaching $16.20. The company had a trading volume of 59,819 shares, compared to its average volume of 47,241. RigNet has a 52-week low of $14.01 and a 52-week high of $23.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.97 and a current ratio of 1.98.
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RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).
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