Gilat Satellite Networks (NASDAQ:GILT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.06 and traded as high as $6.51. Gilat Satellite Networks shares last traded at $6.32, with a volume of 311,605 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GILT. William Blair initiated coverage on Gilat Satellite Networks in a report on Thursday, September 26th. They set an “outperform” rating for the company. StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Friday, November 15th.

Gilat Satellite Networks Stock Down 2.5 %

The firm has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $5.06. The stock has a market capitalization of $360.35 million, a P/E ratio of 21.79 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 1.84.

Institutional Investors Weigh In On Gilat Satellite Networks

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of Gilat Satellite Networks in the third quarter worth $27,000. Wedbush Securities Inc. bought a new stake in shares of Gilat Satellite Networks in the 2nd quarter valued at about $46,000. Virtu Financial LLC acquired a new stake in shares of Gilat Satellite Networks in the third quarter valued at about $61,000. Clearline Capital LP bought a new position in shares of Gilat Satellite Networks during the second quarter worth about $73,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Gilat Satellite Networks in the third quarter worth approximately $140,000. 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. 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.