Positive Press Coverage Somewhat Unlikely to Affect XG Technology (XGTI) Stock Price
Headlines about XG Technology (NASDAQ:XGTI) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. XG Technology earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 45.1137241512556 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Financial Review: TESSCO Technologies (TESS) versus XG Technology (XGTI) (americanbankingnews.com)
- Vislink Enters into Agreement with Panasonic to Bring Unprecedented Video … (prnewswire.co.uk)
- Vislink, Panasonic to Bring Video Communications Capabilities to Rail Industry (financial-news.co.uk)
- Trading summary on xG Technology, Inc. (XGTI) – Wall Street Morning (wallstreetmorning.com)
XGTI has been the topic of several research analyst reports. Zacks Investment Research downgraded XG Technology from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Maxim Group set a $4.00 price objective on XG Technology and gave the company a “buy” rating in a report on Tuesday, August 22nd. Finally, Roth Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of XG Technology in a report on Thursday, June 1st.
Shares of XG Technology (NASDAQ XGTI) opened at 1.67 on Wednesday. XG Technology has a 12-month low of $1.17 and a 12-month high of $6.20. The company has a 50 day moving average price of $1.92 and a 200 day moving average price of $1.75. The stock’s market cap is $19.41 million.
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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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