XG Technology (XGTI) Posts Quarterly Earnings Results
XG Technology (NASDAQ:XGTI) released its earnings data on Thursday. The company reported ($0.20) EPS for the quarter, Stock Ratings Network.com reports. The company had revenue of $163.00 million for the quarter.
XG Technology (NASDAQ:XGTI) traded down 2.40% during mid-day trading on Thursday, hitting $2.03. 194,418 shares of the company’s stock traded hands. XG Technology has a 1-year low of $1.12 and a 1-year high of $7.15. The stock’s 50-day moving average is $2.11 and its 200-day moving average is $2.06. The company’s market cap is $49.0 million.
On the ratings front, analysts at Feltl & Co. downgraded shares of XG Technology from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.
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