NXT-ID (NXTD) Shares Up 74.7%

Shares of NXT-ID Inc (NASDAQ:NXTD) traded up 74.7% during trading on Thursday . The company traded as high as $3.80 and last traded at $3.18. 50,457,602 shares traded hands during trading, an increase of 8,292% from the average session volume of 601,285 shares. The stock had previously closed at $1.82.

A number of analysts recently commented on the company. Maxim Group set a $5.00 price target on NXT-ID and gave the company a “buy” rating in a research report on Tuesday. ValuEngine raised NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $60.47, a PE ratio of -5.46 and a beta of -5.19.

A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC increased its stake in NXT-ID Inc (NASDAQ:NXTD) by 1,806.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 256,052 shares of the technology company’s stock after purchasing an additional 242,621 shares during the quarter. Virtu KCG Holdings LLC owned about 2.67% of NXT-ID worth $479,000 at the end of the most recent quarter. 3.28% of the stock is owned by institutional investors.

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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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