XG Technology, Inc (XGTI) Trading 0% Higher

XG Technology, Inc (NASDAQ:XGTI) traded up 0% during mid-day trading on Tuesday . The stock traded as high as $1.71 and last traded at $1.53. 336,700 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 1,011,081 shares. The stock had previously closed at $1.53.

Several equities research analysts have recently issued reports on the stock. Maxim Group set a $4.00 price objective on shares of XG Technology and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Roth Capital restated a “buy” rating and issued a $3.50 price objective on shares of XG Technology in a research note on Tuesday, July 18th.

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 1.99.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in XG Technology by 24.3% during the second quarter. Vanguard Group Inc. now owns 154,905 shares of the Wireless communications provider’s stock worth $252,000 after buying an additional 30,266 shares in the last quarter. KCG Holdings Inc. boosted its stake in XG Technology by 163.3% during the first quarter. KCG Holdings Inc. now owns 108,927 shares of the Wireless communications provider’s stock worth $176,000 after buying an additional 67,552 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in XG Technology during the third quarter worth $117,000. Institutional investors and hedge funds own 2.18% of the company’s stock.

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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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