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Analysts at Roth Capital assumed coverage on shares of XG Technology (NASDAQ:XGTI) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $5.00 price target on the stock. Roth Capital’s target price indicates a potential upside of 157.73% from the stock’s previous close.

XG Technology (NASDAQ:XGTI) opened at 1.94 on Monday. XG Technology has a 52-week low of $1.12 and a 52-week high of $6.95. The stock’s 50-day moving average is $2.09 and its 200-day moving average is $2.06. The company’s market cap is $47.0 million.

XG Technology (NASDAQ:XGTI) last released its earnings data on Thursday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.04. The company had revenue of $163.00 million for the quarter. On average, analysts predict that XG Technology will post $-0.86 earnings per share for the current fiscal year.

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