RigNet (RNET) Upgraded at BidaskClub
BidaskClub upgraded shares of RigNet (NASDAQ:RNET) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
Several other research firms also recently issued reports on RNET. ValuEngine downgraded RigNet from a hold rating to a sell rating in a report on Thursday, November 9th. Piper Jaffray Companies set a $17.00 price objective on RigNet and gave the company a hold rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $19.33.
RigNet (NASDAQ RNET) traded down $0.20 during trading hours on Tuesday, reaching $15.00. The company’s stock had a trading volume of 21,100 shares, compared to its average volume of 47,595. RigNet has a 12 month low of $14.30 and a 12 month high of $23.90. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.
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RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).
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