Satixfy Communications (NYSEAMERICAN:SATX) Research Coverage Started at Alliance Global Partners

Alliance Global Partners started coverage on shares of Satixfy Communications (NYSEAMERICAN:SATX) in a research report released on Monday morning, MarketBeat reports. The firm issued a buy rating and a $2.50 price target on the stock.

Several other analysts have also recently commented on SATX. Northland Capmk raised Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th. Northland Securities assumed coverage on Satixfy Communications in a research report on Thursday, December 5th. They set an “outperform” rating and a $2.00 price objective for the company.

Satixfy Communications Trading Down 10.6 %

Satixfy Communications stock opened at $1.10 on Monday. Satixfy Communications has a 1 year low of $0.30 and a 1 year high of $1.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC lifted its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,277,958 shares of the company’s stock after acquiring an additional 95,115 shares during the period. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. 5.04% of the stock is owned by hedge funds and other institutional investors.

Satixfy Communications Company Profile

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.