Somewhat Favorable Media Coverage Somewhat Unlikely to Impact XG Technology (XGTI) Share Price

News articles about XG Technology (NASDAQ:XGTI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. XG Technology earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the Wireless communications provider an impact score of 47.0495896380241 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

XG Technology (XGTI) remained flat at $$1.53 during midday trading on Tuesday. 336,700 shares of the company’s stock were exchanged, compared to its average volume of 1,011,081. XG Technology has a one year low of $1.17 and a one year high of $4.98. The company has a quick ratio of 0.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.07.

A number of analysts recently weighed in on XGTI shares. Maxim Group started coverage on XG Technology in a report on Wednesday, July 19th. They issued a “buy” rating and a $4.00 price objective for the company. Roth Capital restated a “buy” rating and issued a $3.50 price objective on shares of XG Technology in a report on Tuesday, July 18th.

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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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