Gilat Satellite Networks Ltd.’s (NASDAQ:GILT) 31% Share Price Surge Not Quite Adding Up
Despite an already strong run, Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares have been powering on, with a gain of 31% in the last thirty days. The last month tops off a massive increase of 141% in the last year.
Since its price has surged higher, given close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may consider Gilat Satellite Networks as a stock to avoid entirely with its 29.3x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
