XG Technology Inc (XGTI) Shares are Down -25.58%

XG Technology Inc (XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (XGTI), hence the stock is down -23.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -25.98% relative to the S&P 500. The 4-week change in the price of the stock is -25.06% and the stock has fallen -25.58% in the past 1 week.

The stock has recorded a 20-day Moving Average of 30.56% and the 50-Day Moving Average is 39.34%.The 200 Day SMA reached 78.76% xG Technology, Inc. has dropped 82.22% during the last 3-month period . Year-to-Date the stock performance stands at -87.88%.


Company shares have received an average consensus rating of Hold for the current week XG Technology Inc (NASDAQ:XGTI): stock was range-bound between the intraday low of $0.32 and the intraday high of $0.36 after having opened at $0.34 on Fridays session. The stock finally closed in the red at $0.34, a loss of -8.60%. The stock remained in the red for the whole trading day. The total traded volume was 1,186,010 shares. The stock failed to cross $0.36 in Fridays trading. The stocks closing price on Thursday was $0.32.

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.

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