Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) shares traded up 5% during mid-day trading on Wednesday . The stock traded as high as $1.27 and last traded at $1.25. 78,251 shares traded hands during trading, a decline of 69% from the average session volume of 250,719 shares. The stock had previously closed at $1.19.
Analyst Ratings Changes
SATX has been the subject of a number of recent analyst reports. Alliance Global Partners initiated coverage on Satixfy Communications in a report on Monday, December 16th. They issued a "buy" rating and a $2.50 price objective for the company. Northland Securities initiated coverage on Satixfy Communications in a report on Thursday, December 5th. They issued an "outperform" rating and a $2.00 price objective for the company. Finally, Northland Capmk upgraded Satixfy Communications to a "strong-buy" rating in a report on Thursday, December 5th.
Get Our Latest Analysis on Satixfy Communications
Satixfy Communications Stock Performance
Institutional Trading of Satixfy Communications
An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC increased its position in shares of 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 approximately 5.15% of Satixfy Communications worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission. 5.04% of the stock is currently owned by hedge funds and other 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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