Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.95 and last traded at $4.94, with a volume of 23,316 shares. The stock had previously closed at $4.75.

The firm’s market cap is $271.92 million. The stock has a 50-day moving average of $4.45 and a 200 day moving average of $4.37.

Gilat Satellite Networks (NASDAQ:GILT) last announced its quarterly earnings data 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 the consensus estimate of $44.30 million. On average, equities analysts anticipate 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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