Alliance Global Partners Initiates Coverage on Satixfy Communications (NYSEAMERICAN:SATX)

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

A number of other research analysts also recently issued reports on the stock. Northland Securities assumed coverage on shares of Satixfy Communications in a research report on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target on the stock. Northland Capmk upgraded shares of Satixfy Communications to a “strong-buy” rating in a report on Thursday, December 5th.

Satixfy Communications Stock Up 4.1 %

Satixfy Communications stock opened at $1.07 on Monday. Satixfy Communications has a one year low of $0.30 and a one year high of $1.26.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC boosted its position in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 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 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.