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.
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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