XG Technology, Inc (NASDAQ:XGTI) will announce its earnings results after the market closes on Monday, November 13th.
XG Technology, Inc (NASDAQ:XGTI) opened at $1.53 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.07.
XGTI has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating and set a $3.50 price target on shares of XG Technology in a report on Tuesday, July 18th. Maxim Group assumed coverage on XG Technology in a report on Wednesday, July 19th. They issued a “buy” rating and a $4.00 target price on the stock.
An institutional investor recently raised its position in XG Technology stock. Vanguard Group Inc. lifted its position in XG Technology, Inc (NASDAQ:XGTI) by 24.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,905 shares of the Wireless communications provider’s stock after purchasing an additional 30,266 shares during the quarter. Vanguard Group Inc. owned about 1.39% of XG Technology worth $252,000 at the end of the most recent reporting period. Institutional investors own 2.18% of the company’s stock.
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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