NXT-ID (NXTD) Shares Gap Up to $1.59

Shares of NXT-ID Inc (NASDAQ:NXTD) gapped up before the market opened on Tuesday . The stock had previously closed at $1.10, but opened at $1.59. NXT-ID shares last traded at $1.82, with a volume of 7179131 shares changing hands.

Several analysts have recently weighed in on the stock. Maxim Group set a $5.00 price objective on shares of NXT-ID and gave the company a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

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

An institutional investor recently raised its position in NXT-ID stock. Virtu KCG Holdings LLC grew its stake in shares of NXT-ID Inc (NASDAQ:NXTD) by 1,806.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,052 shares of the technology company’s stock after buying an additional 242,621 shares during the quarter. Virtu KCG Holdings LLC owned 2.67% of NXT-ID worth $479,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.28% of the company’s stock.

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NXT-ID Company Profile

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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