XG Technology Inc (NASDAQ:XGTI) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1 by 1 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys.
XG Technology Inc (NASDAQ:XGTI) rose 919.45% or 1.3709 points on Tuesday and made its way into the gainers of the day. After trading began at $1.65 the stock was seen hitting $1.83 as a peak level and $1.43 as the lowest level. The stock ended up at $1.52. The daily volume was measured at 886,948 shares. The 52-week high of the share price is $38.376153 and the 52-week low is $0.816003. The company has a market cap of $11 million.
Shares of xG Technology, Inc. rose by 956.29% in the last five trading days and 1227.51% for the last 4 weeks. xG Technology, Inc. is up 1221.74% in the last 3-month period. Year-to-Date the stock performance stands at 580.09%.
xG Technology, Inc. develops a portfolio of intellectual property. The Companys intellectual property is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions. The Companys products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. The Company has developed frequency-agnostic cognitive radio solutions. Its intellectual property is also designed to enable wireless broadband network operators make efficient use of existing spectrum allocations. The Company focuses on various industries across the world, such as telecommunications, cable, defense and public safety, municipal governments, critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax.