XG Technology, Inc (XGTI) Given a $4.00 Price Target by Maxim Group Analysts

Maxim Group set a $4.00 price target on XG Technology, Inc (NASDAQ:XGTI) in a report released on Thursday morning. The firm currently has a buy rating on the Wireless communications provider’s stock.

XG Technology (NASDAQ:XGTI) traded up $0.11 during midday trading on Thursday, reaching $1.65. The company had a trading volume of 1,172,984 shares, compared to its average volume of 1,007,359. XG Technology has a 1-year low of $1.17 and a 1-year high of $4.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 1.99.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XGTI. Dimensional Fund Advisors LP bought a new stake in XG Technology during the 3rd quarter worth approximately $117,000. KCG Holdings Inc. grew its position in XG Technology by 163.3% during the 1st quarter. KCG Holdings Inc. now owns 108,927 shares of the Wireless communications provider’s stock worth $176,000 after acquiring an additional 67,552 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in XG Technology by 24.3% during 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 during the last quarter. Institutional investors and hedge funds own 2.18% of the company’s stock.

About XG Technology

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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