NXT-ID Inc. (NXTD) Shares Gap Up to $1.10

NXT-ID Inc. (NASDAQ:NXTD)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.00, but opened at $1.10. NXT-ID shares last traded at $1.38, with a volume of 2338100 shares changing hands.

Separately, Maxim Group reiterated a “buy” rating and set a $5.00 price objective on shares of NXT-ID in a research report on Tuesday, September 5th.

The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. increased its stake in shares of NXT-ID Inc. (NASDAQ:NXTD) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,010 shares of the technology company’s stock after acquiring an additional 1,609 shares during the quarter. Vanguard Group Inc. owned approximately 0.79% of NXT-ID worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 2.57% of the company’s stock.

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About NXT-ID

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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