Maxim Group Reiterates “Hold” Rating for XG Technology (XGTI)

XG Technology (NASDAQ:XGTI)‘s stock had its “hold” rating reiterated by equities researchers at Maxim Group in a report issued on Monday.

Separately, ValuEngine raised XG Technology from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.

XGTI stock opened at $0.88 on Monday. XG Technology has a 1-year low of $0.66 and a 1-year high of $2.65.

Several hedge funds have recently bought and sold shares of XGTI. Virtu Financial LLC bought a new position in shares of XG Technology in the 4th quarter worth about $139,000. Dimensional Fund Advisors LP bought a new position in shares of XG Technology in the 3rd quarter worth about $117,000. Finally, Vanguard Group Inc. raised its position in shares of XG Technology by 24.3% in the 2nd quarter. Vanguard Group Inc. now owns 154,905 shares of the Wireless communications provider’s stock worth $252,000 after acquiring an additional 30,266 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

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XG Technology Company Profile

xG Technology, Inc designs, develops, and delivers advanced wireless communications solutions worldwide. It offers electronic news gathering, wireless camera, portable microwave, and fixed point to point systems for the broadcasting market; wireless camera systems and mobile radios for the sports and entertainment market; and wireless video solutions, including manned and unmanned aerial and ground systems, mobile and handheld receive systems, and transmitters for the government/surveillance market.

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