Gilat Satellite Networks (NASDAQ:GILT) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

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 $5.78 and traded as high as $7.45. Gilat Satellite Networks shares last traded at $7.12, with a volume of 485,857 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GILT shares. Needham & Company LLC reissued a “buy” rating and set a $8.50 target price on shares of Gilat Satellite Networks in a report on Wednesday, February 26th. StockNews.com downgraded shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Gilat Satellite Networks Stock Down 1.1 %

The firm has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $5.79. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $401.40 million, a P/E ratio of 16.00 and a beta of 0.62.

Gilat Satellite Networks (NASDAQ:GILT) last released its quarterly earnings data on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Gilat Satellite Networks had a return on equity of 9.74% and a net margin of 8.14%. On average, equities research analysts expect that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LBP AM SA boosted its stake in shares of Gilat Satellite Networks by 83.9% during the fourth quarter. LBP AM SA now owns 347,268 shares of the communications equipment provider’s stock valued at $2,136,000 after purchasing an additional 158,468 shares in the last quarter. Inspire Investing LLC acquired a new position in Gilat Satellite Networks in the 4th quarter valued at approximately $864,000. Van ECK Associates Corp raised its stake in shares of Gilat Satellite Networks by 279.0% during the fourth quarter. Van ECK Associates Corp now owns 136,380 shares of the communications equipment provider’s stock valued at $839,000 after acquiring an additional 100,396 shares during the last quarter. Clearline Capital LP lifted its holdings in shares of Gilat Satellite Networks by 510.5% during the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after purchasing an additional 83,127 shares during the period. Finally, Foundry Partners LLC grew its stake in shares of Gilat Satellite Networks by 9.0% in the fourth quarter. Foundry Partners LLC now owns 909,490 shares of the communications equipment provider’s stock worth $5,593,000 after purchasing an additional 75,260 shares during the last quarter. 35.72% of the stock is currently owned by institutional investors and hedge funds.

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.