1 week Ago By Defense World Staff
Gilat Satellite Networks Ltd. ( NASDAQ:GILT – Get Free Report )’s stock price 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 Analysts Forecast Growth GILT has been the subject of several research reports. StockNews.
com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research report on Friday, November 15th.
Finally, William Blair initiated coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They issued an “outperform” rating for the company. Check Out Our Latest Analysis on Gilat Satellite Networks Gilat Satellite Networks Stock Performance Hedge Funds Weigh In On Gilat Satellite Networks A number of large investors have recently bought and sold shares of the company.
Tidal Investments LLC raised its position in Gilat Satellite Networks by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider’s stock worth $335,000 after buying an additional 2,812 shares during the last quarter.
BNP Paribas Financial Markets purchased a new position in Gilat Satellite Networks during the 3rd quarter worth $27,000. Foundry Partners LLC raised its position in Gilat Satellite Networks by 1.0% during the 3rd quarter.
Foundry Partners LLC now owns 834,230 shares of the communications equipment provider’s stock worth $4,396,000 after buying an additional 8,045 shares during the last quarter. PDT Partners LLC raised its position in Gilat Satellite Networks by 51.1% during the 3rd quarter.
PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock worth $145,000 after buying an additional 9,287 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of Gilat Satellite Networks during the 2nd quarter worth $46,000.
Hedge funds and other institutional investors own 35.72% of the company’s stock. About Gilat Satellite Networks ( Get Free Report ) 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.
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