Alliance Global Partners lowered shares of Satixfy Communications (NYSEAMERICAN:SATX - Free Report) from a buy rating to a neutral rating in a research note published on Friday, Marketbeat Ratings reports. Alliance Global Partners currently has $2.10 price target on the stock.
Satixfy Communications Stock Performance
SATX traded down $0.01 during trading hours on Friday, hitting $2.04. The stock had a trading volume of 379,283 shares, compared to its average volume of 266,347. The firm's fifty day simple moving average is $1.78. Satixfy Communications has a 1 year low of $0.58 and a 1 year high of $2.39.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Satixfy Communications stock. Renaissance Technologies LLC lifted its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 255.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,597 shares of the company's stock after purchasing an additional 143,497 shares during the quarter. Renaissance Technologies LLC owned 0.24% of Satixfy Communications worth $305,000 at the end of the most recent quarter. 5.04% of the stock is owned by institutional investors and hedge funds.
About Satixfy Communications
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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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