Satixfy Communications (NYSEAMERICAN:SATX) Upgraded by Northland Capmk to Strong-Buy Rating

Northland Capmk upgraded shares of Satixfy Communications (NYSEAMERICAN:SATX) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Separately, Northland Securities assumed coverage on shares of Satixfy Communications in a report on Thursday. They set an “outperform” rating and a $2.00 target price on the stock.

Satixfy Communications Stock Performance

Shares of Satixfy Communications stock opened at $0.84 on Thursday. Satixfy Communications has a twelve month low of $0.30 and a twelve month high of $1.11.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC boosted its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. Institutional investors own 5.04% of the company’s stock.

About Satixfy Communications

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.