Favorable News Coverage Somewhat Unlikely to Impact XG Technology (XGTI) Share Price

News headlines about XG Technology (NASDAQ:XGTI) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. XG Technology earned a coverage optimism score of 0.37 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 45.2259972905906 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

XGTI traded up $0.02 during trading on Monday, reaching $0.87. 34,200 shares of the company’s stock were exchanged, compared to its average volume of 222,261. XG Technology has a fifty-two week low of $0.66 and a fifty-two week high of $2.65.

XG Technology (NASDAQ:XGTI) last announced its quarterly earnings results on Monday, April 2nd. The Wireless communications provider reported ($0.79) earnings per share for the quarter. The firm had revenue of $14.11 million for the quarter. XG Technology had a negative return on equity of 27.15% and a negative net margin of 22.05%.

A number of analysts have commented on XGTI shares. Maxim Group set a $4.00 target price on shares of XG Technology and gave the stock a “buy” rating in a report on Wednesday, April 4th. ValuEngine lowered shares of XG Technology from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd.

About XG Technology

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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