NXT-ID (NXTD) Shares Gap Up to $2.77

NXT-ID Inc (NASDAQ:NXTD) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.02, but opened at $2.77. NXT-ID shares last traded at $2.59, with a volume of 617101 shares traded.

NXTD has been the subject of several recent research reports. Maxim Group set a $5.00 price objective on NXT-ID and gave the stock a “buy” rating in a research report on Tuesday, December 19th. 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 firm has a market cap of $58.86, a PE ratio of -2.82 and a beta of -5.17.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of NXT-ID by 2.2% during the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock worth $144,000 after buying an additional 1,609 shares during the period. Bank of Montreal Can acquired a new position in shares of NXT-ID during the fourth quarter worth about $100,000. Finally, Millennium Management LLC acquired a new position in shares of NXT-ID during the fourth quarter worth about $145,000. 3.07% of the stock is owned by institutional investors.

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About NXT-ID

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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