XG Technology Inc (XGTI) Shares are Down -1.03%

XG Technology Inc (XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (XGTI), hence the stock is down -45.01% 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 -1.19% relative to the S&P 500. The 4-week change in the price of the stock is -45.31% and the stock has fallen -1.03% in the past 1 week.

The stock has recorded a 20-day Moving Average of 23.66% and the 50-Day Moving Average is 32.78%.The 200 Day SMA reached 78.83%


XG Technology Inc (NASDAQ:XGTI): The stock opened in the green at $0.281 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $0.31 and a low of $0.28 for the day. The stock did not find buyers even at the lows and closed at $0.288 recording a loss of -10.00%. 710,365 shares exchanged hands during the trading day. The stock had closed at $0.288 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.