Gilat Satellite Networks Ltd. (NASDAQ:GILT)’s share price shot up 7.1% on Tuesday . The company traded as high as $8.24 and last traded at $8.17, 152,300 shares changed hands during trading. An increase of 807% from the average session volume of 16,795 shares. The stock had previously closed at $7.63.
A number of research firms have recently weighed in on GILT. BidaskClub downgraded shares of Gilat Satellite Networks from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 6th. ValuEngine raised shares of Gilat Satellite Networks from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th.
The stock’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $8.33. The stock has a market capitalization of $408.05 million, a P/E ratio of 23.00 and a beta of 0.66. The company has a current ratio of 1.68, a quick ratio of 1.47 and a debt-to-equity ratio of 0.02.
Gilat Satellite Networks Company Profile (NASDAQ:GILT)
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.
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