Renaissance Technologies LLC raised its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 255.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,597 shares of the company's stock after buying an additional 143,497 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Satixfy Communications worth $305,000 at the end of the most recent reporting period.
Satixfy Communications Price Performance
Shares of SATX traded up $0.01 during midday trading on Friday, reaching $2.05. The stock had a trading volume of 212,402 shares, compared to its average volume of 265,893. The company's 50 day simple moving average is $1.77. Satixfy Communications Ltd. has a one year low of $0.58 and a one year high of $2.39.
Analyst Ratings Changes
Separately, Alliance Global Partners cut shares of Satixfy Communications from a "buy" rating to a "neutral" rating and set a $2.10 price target for the company. in a report on Friday.
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Satixfy Communications Profile
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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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