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.
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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