xG Technology, Inc. (XGTI) fell -11.32% during last trading as the stock lost $-0.24 to finish the day at $1.88 with about 1.54M shares changing hands, compared to its three month average trading volume of 2.26M. The $15.79M market cap company, which fluctuated between $1.78 and $1.97 during the day, currently situated 649% above its 52 week low of $1.17 and -62.26% away from its one year high of $34.8. The RSI of 55.24 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
xG Technology, Inc. engages in the development of communication technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, including national defense and rural broadband. Its products include xMax, a mobile voice over Internet protocol (VoIP) and broadband data system that utilizes an end-to-end Internet protocol (IP) system architecture, which incorporates OFDM and multiple in multiple out and orthogonal frequency-division multiple to increase interference tolerance, allow mobility, and improve resistance to fading. The company’s xMax comprise CN5100 mobile hotspot, a device that allows users of Wi-Fi enabled smartphones, tablets, notebooks, and other devices to access the Internet through the xMax cognitive radio network; CN3100 vehicle modem, which acts as a transparent protocol bridge allowing users of WiFi-enabled devices to access the Internet through the xMax cognitive radio network; CN3200 dual-band routing modem for use in fixed and mobile applications; CN1100 Access Point, an IP wireless access point that delivers wide area coverage and broadband throughput for fixed, nomadic, and mobile applications; and CN7000 Mobile Control Center, which controls the delivery of voice and data services, and manages various elements in the regional network. It also offers xMonitor, which monitors the status and health of various access points, mobile control center elements, and VoIP core elements; and xDrive, a drive mapping utility designed to gather, display, and log performance statistics from mobile hotspot, dual-band routing modem, and CN3100 vehicle modem. The company sells its intellectual property and the equipment directly, as well as through an indirect channel network. xG Technology, Inc. was founded in 2002 and is headquartered in Sarasota, Florida.
Keryx Biopharmaceuticals, Inc. (KERX) dropped $-0.03 to close the day at a new closing price of $5.45, a -0.55% decrease in value from its previous closing price that moved the stock 75.24% above its 52 week low of $3.11. A total of 1.54M shares exchanged hands during the day compared with its three month average trading volume of 1.61M. The stock, which fluctuated between $5.22 and $5.55 during the day, currently situated -30.13% below its 52 week high. The stock is down by -12.38% in the past one month and up by 23.3% over the past three months. With a one year target estimate of $7.21 and RSI of 49.82, the stock still has upside potential, making it a hold for now.
Keryx Biopharmaceuticals, Inc., a biopharmaceutical company, focuses on providing therapies for patients with renal disease in the United States. Its lead product Auryxia (ferric citrate), an oral, ferric iron-based compound that has the capacity to bind to phosphate in the gastrointestinal tract and form non-absorbable complexes, as well as treats iron deficiency anemia. Auryxia is also used to control serum phosphorus levels in patients with chronic kidney disease on dialysis. The company has licensing and collaboration agreements with Japan Tobacco Inc. and Torii Pharmaceutical Co., Ltd. for the development and commercialization of Auryxia in Japan. It also has strategic alliance with Panion & BF Biotech, Inc. Keryx Biopharmaceuticals, Inc. was founded in 1997 and is headquartered in Boston, Massachusetts.
Investors Bancorp, Inc. (ISBC) had a light trading with around 1.53M shares changing hands compared to its three month average trading volume of 2.57M. The stock traded between $14.33 and $14.48 before closing at the price of $14.46 with 1.97% change on the day. The Short Hills New Jersey 07078 based company is currently trading 37.12% above its 52 week low of $10.67 and -3.15% below its 52 week high of $14.93. Both the RSI indicator and target price of 60.28 and $14.69 respectively, lead us to believe that it should be put on hold over the coming weeks.
Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides community banking products and services to individuals and businesses in the United States. It offers deposit products, such as savings, checking, and money market accounts, as well as certificates of deposit. The company’s loan portfolio includes multi-family, commercial real estate, construction, commercial and industrial, residential mortgage, and consumer and other loans; consumer loans primarily comprising home equity loans, home equity lines of credit, and others; and mortgage loans secured by one-to four-family residential real estate. As of December 31, 2015, the company operated 140 offices located in New Jersey and New York. The company was founded in 1926 and is headquartered in Short Hills, New Jersey.