Shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) shot up 0.5% during mid-day trading on Tuesday . The stock traded as high as $2.00 and last traded at $1.99. 1,068,053 shares changed hands during trading, an increase of 363% from the average session volume of 230,755 shares. The stock had previously closed at $1.98.
Analysts Set New Price Targets
Separately, Alliance Global Partners assumed coverage on shares of Satixfy Communications in a research note on Monday, December 16th. They issued a "buy" rating and a $2.50 price target for the company.
View Our Latest Analysis on Satixfy Communications
Satixfy Communications Stock Performance
Hedge Funds Weigh In On Satixfy Communications
An institutional investor recently raised its position in Satixfy Communications stock. Renaissance Technologies LLC lifted its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 255.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,597 shares of the company's stock after purchasing an additional 143,497 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Satixfy Communications worth $305,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.04% of the company's stock.
Satixfy Communications Company Profile
(
Get Free Report)
Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.
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