Gilat Satellite Networks (NASDAQ:GILT) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.00 and traded as high as $6.33. Gilat Satellite Networks shares last traded at $6.15, with a volume of 487,313 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GILT shares. William Blair initiated coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They issued an “outperform” rating on the stock. StockNews.com raised 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 reaffirmed a “buy” rating and set a $8.50 price target on shares of Gilat Satellite Networks in a research report on Friday, November 15th.

Gilat Satellite Networks Stock Down 0.8 %

The company has a quick ratio of 1.84, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $347.80 million, a price-to-earnings ratio of 21.04 and a beta of 0.59. The stock has a 50 day moving average of $5.65 and a 200 day moving average of $5.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in Gilat Satellite Networks during the 3rd quarter worth $27,000. Wedbush Securities Inc. acquired a new stake in shares of Gilat Satellite Networks in the 2nd quarter worth about $46,000. Virtu Financial LLC acquired a new position in Gilat Satellite Networks during the 3rd quarter valued at about $61,000. Clearline Capital LP bought a new position in Gilat Satellite Networks in the 2nd quarter worth about $73,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Gilat Satellite Networks in the third quarter valued at approximately $140,000. 35.72% of the stock is currently owned by institutional investors.

About Gilat Satellite Networks

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.