Gilat Satellite Networks Ltd. (NASDAQ:GILT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.17 and last traded at $5.14, with a volume of 22,719 shares. The stock had previously closed at $5.00.

The stock has a 50 day moving average price of $4.49 and a 200 day moving average price of $4.39. The stock’s market cap is $279.53 million.

Gilat Satellite Networks (NASDAQ:GILT) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $44.30 million. Analysts predict that Gilat Satellite Networks Ltd. will post ($0.17) EPS for the current fiscal 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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