xG Technology’s (XGTI) Buy Rating Reiterated at Roth Capital

xG Technology Inc (NASDAQ:XGTI)‘s stock had its “buy” rating reiterated by analysts at Roth Capital in a report released on Thursday, April 6th. They presently have a $4.00 price target on the Wireless communications provider’s stock. Roth Capital’s target price suggests a potential upside of 185.71% from the company’s previous close.

Separately, Zacks Investment Research cut xG Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th.

Shares of xG Technology (NASDAQ:XGTI) traded down 1.41% on Thursday, hitting $1.40. 163,914 shares of the stock were exchanged. The company has a 50 day moving average of $1.49 and a 200 day moving average of $2.25. xG Technology has a 52-week low of $1.17 and a 52-week high of $34.80. The company’s market cap is $10.65 million.

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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.

5 Day Chart for NASDAQ:XGTI

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