Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,300 shares, a growth of 130.6% from the May 30th total of 3,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 14,800 shares, the short-interest ratio is presently 0.6 days.
Shares of GILT traded up $0.11 during mid-day trading on Thursday, reaching $8.76. The company’s stock had a trading volume of 14,699 shares, compared to its average volume of 17,350. The company has a fifty day moving average price of $8.40. The company has a market cap of $483.99 million, a P/E ratio of 27.43 and a beta of 0.64. Gilat Satellite Networks has a 1 year low of $7.94 and a 1 year high of $10.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.51.
Gilat Satellite Networks (NASDAQ:GILT) last released its earnings results on Tuesday, May 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a return on equity of 7.37% and a net margin of 7.25%. The company had revenue of $62.11 million during the quarter.
A number of analysts have recently issued reports on GILT shares. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th.
Gilat Satellite Networks Company Profile
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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