Gilat Satellite Networks Ltd. (GILT) Stock Price Up 2%
Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) rose 2% during mid-day trading on Tuesday . The stock traded as high as $4.71 and last traded at $4.68, with a volume of 110,974 shares. The stock had previously closed at $4.59.
The firm’s market capitalization is $258.32 million. The firm’s 50 day moving average is $4.42 and its 200 day moving average is $4.35.
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 business earned $67.90 million during the quarter, compared to analysts’ expectations of $44.30 million. Analysts forecast 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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