Maxim Group Reiterates “$4.00” Price Target for xG Technology (XGTI)

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.

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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.

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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.

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