Satixfy Communications (NYSEAMERICAN:SATX) Downgraded by Alliance Global Partners to Neutral

Satixfy Communications (NYSEAMERICAN:SATXGet Free Report) was downgraded by investment analysts at Alliance Global Partners from a “buy” rating to a “neutral” rating in a report issued on Friday, MarketBeat reports. They currently have a $2.10 price target on the stock. Alliance Global Partners’ price target would suggest a potential upside of 2.44% from the stock’s current price.

Satixfy Communications Price Performance

Shares of Satixfy Communications stock opened at $2.05 on Friday. Satixfy Communications has a twelve month low of $0.58 and a twelve month high of $2.39. The business’s fifty day simple moving average is $1.77.

Institutional Investors Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. XTX Topco Ltd increased its position in Satixfy Communications Ltd. (NYSEAMERICAN:SATXFree Report) by 85.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,533 shares of the company’s stock after purchasing an additional 18,256 shares during the quarter. XTX Topco Ltd’s holdings in Satixfy Communications were worth $47,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.04% of the company’s stock.

Satixfy Communications Company Profile

(Get Free Report)

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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