Groupe la Francaise Invests $1.94 Million in SatixFy Communications Ltd. $SATX

Groupe la Francaise purchased a new stake in SatixFy Communications Ltd. (NYSEAMERICAN:SATX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 662,561 shares of the company’s stock, valued at approximately $1,941,000. Groupe la Francaise owned about 0.77% of SatixFy Communications as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. ARK Investment Management LLC bought a new stake in shares of SatixFy Communications during the second quarter worth approximately $2,392,000. JPMorgan Chase & Co. lifted its holdings in SatixFy Communications by 519,258.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 550,520 shares of the company’s stock worth $1,613,000 after purchasing an additional 550,414 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in SatixFy Communications in the 2nd quarter valued at $1,205,000. State of Wyoming acquired a new position in SatixFy Communications in the 1st quarter valued at $31,000. Finally, Panagora Asset Management Inc. bought a new position in SatixFy Communications during the 2nd quarter worth $57,000. 5.04% of the stock is owned by institutional investors.

SatixFy Communications Stock Performance

SATX opened at $2.96 on Thursday. The stock has a fifty day moving average of $2.96 and a 200-day moving average of $2.94. The company has a market capitalization of $253.58 million, a P/E ratio of -5.69 and a beta of 0.72. SatixFy Communications Ltd. has a fifty-two week low of $0.60 and a fifty-two week high of $2.99.

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.