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.
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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