Gilat Satellite Networks (NASDAQ:GILT) Shares Down 7.1%
Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) were down 7.1% during mid-day trading on Tuesday . The stock traded as low as $12.35 and last traded at $14.07. Approximately 3,639,092 shares traded hands during trading, an increase of 16% from the average daily volume of 3,139,765 shares. The stock had previously closed at $15.14.
Separately, TheStreet raised shares of Gilat Satellite Networks from a “c-” rating to a “b” rating in a research note on Tuesday, February 16th.
The company’s 50 day moving average price is $12.23 and its 200-day moving average price is $7.34. The stock has a market cap of $780.79 million, a P/E ratio of -216.29 and a beta of 0.63.
About Gilat Satellite Networks (NASDAQ:GILT)
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Latin America, the Asia Pacific, North America, Europe, the Middle East, and Africa. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.
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