Maxim Group set a $4.00 target price on xG Technology (NASDAQ:XGTI) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the Wireless communications provider’s stock.
Separately, ValuEngine raised xG Technology from a strong sell rating to a sell rating in a research note on Friday, February 2nd.
XGTI opened at $1.01 on Wednesday. xG Technology has a one year low of $0.66 and a one year high of $2.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.28 and a quick ratio of 0.98.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of xG Technology in the fourth quarter valued at approximately $139,000. Dimensional Fund Advisors LP purchased a new stake in shares of xG Technology in the third quarter valued at approximately $117,000. Finally, Vanguard Group Inc. boosted its holdings in shares of xG Technology by 24.3% in the second quarter. Vanguard Group Inc. now owns 154,905 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 30,266 shares during the period. Hedge funds and other institutional investors own 3.23% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/07/maxim-group-reiterates-4-00-price-target-for-xg-technology-xgti.html.
xG Technology Company Profile
xG Technology, Inc develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The Company is a provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in a range of environments.
Receive News & Ratings for xG Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for xG Technology and related companies with MarketBeat.com's FREE daily email newsletter.