Roth Capital Analysts Lift Earnings Estimates for XG Technology Inc. (XGTI)
XG Technology Inc. (NASDAQ:XGTI) – Investment analysts at Roth Capital lifted their FY2016 earnings per share (EPS) estimates for XG Technology in a research report issued on Monday. Roth Capital analyst W. Gibson now anticipates that the firm will post earnings per share of ($1.31) for the year, up from their prior forecast of ($2.99). Roth Capital currently has a “Neutral” rating and a $0.50 price target on the stock. Roth Capital also issued estimates for XG Technology’s Q4 2016 earnings at ($0.17) EPS, Q1 2017 earnings at ($0.14) EPS, Q2 2017 earnings at ($0.13) EPS, Q3 2017 earnings at ($0.12) EPS, Q4 2017 earnings at ($0.08) EPS and FY2017 earnings at ($0.47) EPS.
XG Technology (NASDAQ:XGTI) opened at 0.3354 on Wednesday. The company’s market capitalization is $6.47 million. The stock’s 50 day moving average is $0.37 and its 200-day moving average is $0.78. XG Technology has a 52-week low of $0.25 and a 52-week high of $4.08.
In other XG Technology news, President Ross James Woodyatt sold 80,702 shares of XG Technology stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $0.59, for a total value of $47,614.18. Following the completion of the transaction, the president now directly owns 469 shares of the company’s stock, valued at $276.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.69% of the company’s stock.
XG Technology Company Profile
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’s products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive.
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