xG Technology’s (XGTI) “Buy” Rating Reaffirmed at Roth Capital

xG Technology Inc (NASDAQ:XGTI)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a note issued to investors on Thursday. They currently have a $4.00 target price on the Wireless communications provider’s stock. Roth Capital’s price objective indicates a potential upside of 168.46% from the stock’s previous close.

Separately, Zacks Investment Research downgraded shares of xG Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th.

xG Technology (NASDAQ:XGTI) traded up 1.36% on Thursday, reaching $1.49. 832,545 shares of the company’s stock were exchanged. The company’s market cap is $11.33 million. The firm has a 50 day moving average of $1.51 and a 200-day moving average of $2.45. xG Technology has a 12-month low of $1.17 and a 12-month high of $34.68.

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About xG Technology

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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