Satixfy Communications (NYSEAMERICAN:SATX) Shares Up 3.7% – Should You Buy?

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) shares rose 3.7% on Tuesday . The company traded as high as $0.85 and last traded at $0.81. Approximately 39,097 shares traded hands during trading, a decline of 53% from the average daily volume of 82,955 shares. The stock had previously closed at $0.78.

Satixfy Communications Trading Up 3.7 %

Satixfy Communications (NYSEAMERICAN:SATX) last posted its quarterly earnings results on Friday, September 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $4.15 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC raised its holdings in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,277,958 shares of the company’s stock after acquiring an additional 95,115 shares during the period. Senvest Management LLC owned about 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 owned by institutional investors and hedge funds.

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.