Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report)'s share price rose 3.7% during mid-day trading on Tuesday . The stock traded as high as $0.85 and last traded at $0.81. Approximately 39,097 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 82,955 shares. The stock had previously closed at $0.78.
Satixfy Communications Stock Up 3.0 %
Satixfy Communications (NYSEAMERICAN:SATX - Get Free Report) last posted its quarterly earnings data on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $4.15 million for the quarter.
Institutional Investors Weigh In On Satixfy Communications
An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC lifted its holdings in Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,277,958 shares of the company's stock after purchasing an additional 95,115 shares during the period. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. 5.04% of the stock is currently owned by institutional investors.
Satixfy Communications Company Profile
(
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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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