NXT-ID (NXTD) Shares Gap Up to $2.55

NXT-ID Inc (NASDAQ:NXTD)’s share price gapped up before the market opened on Friday . The stock had previously closed at $2.32, but opened at $2.55. NXT-ID shares last traded at $2.31, with a volume of 1188586 shares.

A number of equities analysts have recently issued reports on the company. Maxim Group upped their price target on NXT-ID from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine raised NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61. The company has a market cap of $41.93, a PE ratio of -2.26 and a beta of -4.52.

NXT-ID (NASDAQ:NXTD) last released its earnings results on Tuesday, November 14th. The technology company reported ($0.28) earnings per share (EPS) for the quarter. NXT-ID had a negative net margin of 35.61% and a negative return on equity of 335.10%.

An institutional investor recently bought a new position in NXT-ID stock. Bank of Montreal Can bought a new stake in NXT-ID Inc (NASDAQ:NXTD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,688 shares of the technology company’s stock, valued at approximately $100,000. Bank of Montreal Can owned 0.13% of NXT-ID at the end of the most recent reporting period. Institutional investors own 2.88% 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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