XTX Topco Ltd Has $47,000 Stock Position in SatixFy Communications Ltd. (NYSEAMERICAN:SATX)

XTX Topco Ltd increased its stake in SatixFy Communications Ltd. (NYSEAMERICAN:SATX) by 85.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,533 shares of the company’s stock after acquiring an additional 18,256 shares during the quarter. XTX Topco Ltd’s holdings in SatixFy Communications were worth $47,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC lifted its stake in SatixFy Communications by 255.8% in the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after buying an additional 143,497 shares during the period. 5.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners downgraded SatixFy Communications from a “buy” rating to a “neutral” rating and set a $2.10 price objective for the company. in a report on Friday, May 9th.

SatixFy Communications Price Performance

Shares of SATX opened at $2.96 on Friday. The business’s 50-day moving average is $2.94. The stock has a market cap of $253.58 million, a PE ratio of -5.69 and a beta of 0.72. SatixFy Communications Ltd. has a 52-week low of $0.60 and a 52-week high of $2.99.

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.