Active Broker’s Choice: xG Technology, Inc. (NASDAQ:XGTI), Inc. (NYSE:WUBA)

xG Technology, Inc. (NASDAQ:XGTI) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 57.39% to $3.62.  xG Technology, Inc. (XGTI) announced that it has signed the final definitive business purchase contract to acquire Vislink Communication Systems from Vislink, Plc. All substantive terms of the acquisition, which was originally reported on Oct. 20, 2016, have been agreed upon by the respective parties and due diligence has been completed.

George Schmitt, CEO and Board Chairman of xG Technology, said, “The Vislink acquisition represents a transformational step for xG Technology, and we believe it will help xG realize overall revenues of at least $60 million in 2017. There are impressive sales, technology, and manufacturing synergies between Vislink and IMT which will be realized as we integrate the operations in 2017. In addition to providing us a position of market prominence in delivering customized video technology systems, this acquisition offers new opportunities to incorporate xG’s patented interference mitigation and spectrum sharing technologies. Finally, we would like to welcome our new colleagues from Vislink into our company.”

The share price of XGTI attracts active investors, as stock price of week volatility recorded 31.20%. The stock is going forward to its 52-week low with 1342.23% and lagging behind from its 52-week high price with -14.82%. Inc. (NYSE:WUBA) [Trend Analysis] moved down reacts as active mover, shares a loss -1.87% to traded at $29.86 and the percentage gap between open changing to regular change was -0.26%. To assess the movement of stock we should look over what analysts have to say about the stock current performance. For the Q4 this year, the consensus current earnings per share trend estimates were for $-0.18 while for one month ago was $-0.18. On annual basis, the FY2016 Estimate trend at current was $-0.64 as compared to three months ago was $-0.65, according to WSJ analytic reports.

If we glance over stock price target, the analysts were fairly in stock’s favor assigning high price target of 57.00 and average price target of 42.59. Finally comes the ratings part in which the WUBA was evaluated with 10 analysts of WSJ going for Buy ratings in previous quarter, while at present 6 analysts gave Buy ratings from whole pool. The 8 analysts gave Hold ratings in recent rating and 2 stands at “Underweight” position. To sum up all these views, WUBA attains Hold consensus rating in current rating pool.

The firm’s current ratio calculated as 0.50 for the most recent quarter. The firm past twelve months price to sales ratio was 4.09 and price to cash ratio remained 14.80. As far as the returns are concern, the return on equity was recorded as -2.30% and return on investment was -8.60% while its return on asset stayed at -1.60%. The firm has total debt to equity ratio measured as 0.10.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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