Northland Capmk Upgrades Satixfy Communications (NYSEAMERICAN:SATX) to Strong-Buy

Satixfy Communications (NYSEAMERICAN:SATX) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

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

Satixfy Communications Price Performance

Shares of Satixfy Communications stock opened at $0.84 on Thursday. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last issued its quarterly 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 Trading of Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC grew its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,277,958 shares of the company’s stock after purchasing an additional 95,115 shares during the quarter. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.