Satixfy Communications (NYSEAMERICAN:SATX) Trading Up 3.7% – What’s Next?

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

Satixfy Communications Stock Performance

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

Institutional Investors Weigh In On Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC raised its holdings in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,277,958 shares of the company’s stock after buying an additional 95,115 shares during the quarter. Senvest Management LLC owned 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.