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Gilat Satellite Networks Ltd. (GILT) Stock Plummets After CMTL Files Merger Related Complaint

Wednesday, July 08, 2020 03:14 PM | Nick Dey

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Gilat Satellite Networks Ltd. (GILT) Stock Plummets After CMTL Files Merger Related Complaint

Gilat Satellite Networks Ltd. (GILT) is trading down -15.38% at $5.17 per share so far Wednesday. GILT plummeted today after Comtech Telecommunications (CMTL) filed a complaint related to their January 29 merger agreement.

Gilat Satellite Networks Ltd. (GILT) stock is lower by -37.94% over the last 12 months, and the average rating from Wall Street analysts is a . InvestorsObserver’s proprietary scoring system, gives GILT stock a score of 11 out of a possible 100.

That score is mainly influenced by a fundamental score of 0. GILT’s score also includes a long-term technical score of 11. The short-term technical score for GILT is 24.

What’s Happening with GILT Stock Today

Gilat Satellite Networks Ltd. (GILT) stock is lower by -15.4% while the S&P 500 is higher by 0.33% as of 3:02 PM on Wednesday, Jul 8. GILT is lower by -$0.94 from the previous closing price of $6.11 on volume of 3,835,262 shares. Over the past year the S&P 500 has risen 5.91% while GILT is lower by -37.94%. GILT earned $0.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.38.

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