XG Technology (XGTI) Receives Coverage Optimism Rating of 0.24

News headlines about XG Technology (NASDAQ:XGTI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. XG Technology earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the Wireless communications provider an impact score of 45.5892083672717 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of XG Technology (NASDAQ:XGTI) opened at 1.81 on Friday. The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $1.75. XG Technology has a 12 month low of $1.17 and a 12 month high of $6.35. The company’s market cap is $21.03 million.

XGTI has been the subject of several recent research reports. Maxim Group set a $4.00 price objective on XG Technology and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded XG Technology from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Roth Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of XG Technology in a research report on Thursday, June 1st.

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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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