The xG Technology Inc (XGTI) Stock Rating Reaffirmed by Roth Capital

The xG Technology Inc (XGTI) Stock Rating Reaffirmed by Roth Capital

Separately, Zacks Investment Research upgraded shares of xG Technology from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a research note on Saturday, April 8th.

xG Technology Inc (NASDAQ:XGTI)‘s stock had its “buy” rating restated by stock analysts at Roth Capital in a research report issued on Thursday. They currently have a $3.50 price objective on the Wireless communications provider’s stock. Roth Capital’s price objective would indicate a potential upside of 90.22% from the company’s current price.

An institutional investor recently raised its position in xG Technology stock. KCG Holdings Inc. boosted its stake in xG Technology Inc (NASDAQ:XGTI) by 163.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,927 shares of the Wireless communications provider’s stock after buying an additional 67,552 shares during the period. KCG Holdings Inc. owned approximately 1.43% of xG Technology worth $176,000 as of its most recent SEC filing. 19.01% of the stock is owned by hedge funds and other institutional investors. 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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:XGTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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