Brokerages Anticipate xG Technology Inc (XGTI) to Post ($0.51) Earnings Per Share

Shares of xG Technology Inc (NASDAQ:XGTI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. xG Technology’s rating score has improved by 66.7% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a 12-month consensus price target of $3.50 for the company and are predicting that the company will post ($0.51) EPS for the current quarter, according to Zacks. Zacks has also given xG Technology an industry rank of 77 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of xG Technology from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research note on Saturday, April 8th. Roth Capital reissued a “buy” rating and issued a $4.00 price objective on shares of xG Technology in a research note on Thursday, April 6th.

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xG Technology (NASDAQ:XGTI) traded up 1.36% during mid-day trading on Tuesday, reaching $1.49. 832,545 shares of the company traded hands. The firm’s market capitalization is $11.33 million. The stock’s 50 day moving average price is $1.51 and its 200 day moving average price is $2.45. xG Technology has a 52 week low of $1.17 and a 52 week high of $34.68.

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.

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