Media headlines about xG Technology (NASDAQ:XGTI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. xG Technology earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 45.3736650820913 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, Maxim Group set a $4.00 target price on shares of xG Technology and gave the company a “buy” rating in a research note on Thursday, November 16th.
xG Technology (XGTI) traded up $0.01 during trading hours on Tuesday, reaching $1.53. 125,100 shares of the company traded hands, compared to its average volume of 261,522. The firm has a market cap of $21.45, a PE ratio of -0.01 and a beta of -0.72. xG Technology has a 1 year low of $1.31 and a 1 year high of $2.75. The company has a current ratio of 2.28, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07.
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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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