Insider Selling: XG Technology Inc. (XGTI) President Sells $47,614.18 in Stock
XG Technology Inc. (NASDAQ:XGTI) President Ross James Woodyatt sold 80,702 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $0.59, for a total transaction of $47,614.18. Following the transaction, the president now owns 469 shares of the company’s stock, valued at approximately $276.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ross James Woodyatt also recently made the following trade(s):
- On Wednesday, July 27th, Ross James Woodyatt sold 19,659 shares of XG Technology stock. The shares were sold at an average price of $0.44, for a total transaction of $8,649.96.
Shares of XG Technology Inc. (NASDAQ:XGTI) opened at 0.345 on Monday. The company’s market cap is $2.85 million. XG Technology Inc. has a 12-month low of $0.25 and a 12-month high of $9.60. The stock has a 50 day moving average of $0.40 and a 200 day moving average of $0.96.
XG Technology (NASDAQ:XGTI) last posted its earnings results on Thursday, August 18th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.48) by $0.50. The firm had revenue of $1.66 million for the quarter, compared to analysts’ expectations of $2.50 million. Equities research analysts predict that XG Technology Inc. will post ($2.99) earnings per share for the current fiscal year.
XGTI has been the subject of several research reports. Zacks Investment Research upgraded shares of XG Technology from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a research report on Wednesday, June 15th. Roth Capital reiterated a “neutral” rating on shares of XG Technology in a research report on Monday, September 12th.
About XG Technology
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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