Gilat Satellite Networks Ltd. (GILT) Shares Gap Up to $4.59
Gilat Satellite Networks Ltd. (NASDAQ:GILT)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.52, but opened at $4.59. Gilat Satellite Networks shares last traded at $4.70, with a volume of 64,378 shares trading hands.
The stock’s 50-day moving average is $4.38 and its 200 day moving average is $4.31. The firm’s market capitalization is $208.15 million.
Gilat Satellite Networks (NASDAQ:GILT) last posted its earnings results on Wednesday, August 10th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $44.30 million. On average, equities analysts predict that Gilat Satellite Networks Ltd. will post ($0.17) earnings per share for the current year.
Gilat Satellite Networks Ltd. (Gilat) is a provider of broadband satellite communication (Satcom) network solutions and services. The Company designs, manufactures and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers across the world.
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