Gilat Satellite Networks Ltd. (GILT) Stock Rating Upgraded by ValuEngine

Gilat Satellite Networks Ltd. (NASDAQ:GILT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently commented on GILT. BidaskClub downgraded Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. TheStreet upgraded Gilat Satellite Networks from a “d+” rating to a “c” rating in a research report on Thursday, August 24th.

Shares of Gilat Satellite Networks (NASDAQ GILT) opened at $7.53 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.63 and a debt-to-equity ratio of 0.06. Gilat Satellite Networks has a 52-week low of $4.12 and a 52-week high of $7.90. The company has a market capitalization of $424.04, a P/E ratio of 31.00 and a beta of 0.91.

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An institutional investor recently raised its position in Gilat Satellite Networks stock. Renaissance Technologies LLC lifted its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,723,554 shares of the communications equipment provider’s stock after buying an additional 13,500 shares during the period. Renaissance Technologies LLC owned about 4.99% of Gilat Satellite Networks worth $14,054,000 at the end of the most recent reporting period. Institutional investors own 7.93% of the company’s stock.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd. is a provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects.

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