Satixfy Communications (NYSEAMERICAN:SATX) Now Covered by Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Satixfy Communications (NYSEAMERICAN:SATX) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $2.50 price target on the stock.

Several other equities research analysts have also weighed in on the company. Northland Securities initiated coverage on Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price objective on the stock. Northland Capmk upgraded Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th.

Satixfy Communications Stock Performance

Shares of Satixfy Communications stock opened at $1.10 on Monday. Satixfy Communications has a twelve month low of $0.30 and a twelve month high of $1.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC increased its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,277,958 shares of the company’s stock after buying 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 quarter. 5.04% of the stock is currently owned by 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.