xG Technology (XGTI) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of xG Technology (NASDAQ:XGTI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

XGTI opened at $0.96 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 2.28. xG Technology has a 1 year low of $0.66 and a 1 year high of $2.65.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new stake in shares of xG Technology during the third quarter worth $117,000. Virtu Financial LLC purchased a new stake in shares of xG Technology in the fourth quarter valued at about $139,000. Finally, Vanguard Group Inc. grew its holdings in shares of xG Technology by 24.3% in the second quarter. Vanguard Group Inc. now owns 154,905 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 30,266 shares during the period. 3.23% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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