XG Technology, Inc (NASDAQ:XGTI) shares shot up 0% during trading on Tuesday . The company 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.
Separately, Maxim Group assumed coverage on XG Technology in a research note on Wednesday, July 19th. They issued a “buy” rating and a $4.00 price target on the stock.
The company has a debt-to-equity ratio of 0.07, a current ratio of 1.99 and a quick ratio of 0.95.
TRADEMARK VIOLATION WARNING: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/11/16/xg-technology-inc-xgti-shares-up-0.html.
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.
Receive News & Ratings for XG Technology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XG Technology Inc and related companies with MarketBeat.com's FREE daily email newsletter.