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

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

Gilat Satellite Networks Trading Down 2.3 %

Shares of GILT stock opened at $5.60 on Monday. The stock’s fifty day moving average price is $5.89 and its two-hundred day moving average price is $6.08. The company has a market cap of $319.30 million, a PE ratio of 13.33 and a beta of 0.59. Gilat Satellite Networks has a fifty-two week low of $4.51 and a fifty-two week high of $7.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.90.

Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Monday, February 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Gilat Satellite Networks had a return on equity of 7.42% and a net margin of 8.83%. The firm had revenue of $75.61 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Gilat Satellite Networks by 74.8% during the 1st quarter. Royal Bank of Canada now owns 3,501 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,498 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Gilat Satellite Networks by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 48,999 shares of the communications equipment provider’s stock worth $432,000 after acquiring an additional 1,999 shares in the last quarter. Susquehanna International Group Ltd. raised its position in shares of Gilat Satellite Networks by 15.4% in the 4th quarter. Susquehanna International Group Ltd. now owns 15,131 shares of the communications equipment provider’s stock worth $84,000 after acquiring an additional 2,016 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Gilat Satellite Networks by 17.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 20,404 shares of the communications equipment provider’s stock worth $131,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Gilat Satellite Networks by 10.8% in the 3rd quarter. Citigroup Inc. now owns 36,384 shares of the communications equipment provider’s stock worth $234,000 after acquiring an additional 3,533 shares in the last quarter. 35.72% of the stock is owned by institutional investors.

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. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services.