NXT-ID Inc (NASDAQ:NXTD) shares shot up 6.4% during trading on Monday . The stock traded as high as $0.54 and last traded at $0.50, 271,611 shares were traded during trading. An increase of 1% from the average session volume of 269,495 shares. The stock had previously closed at $0.47.
Several research firms have commented on NXTD. Maxim Group reaffirmed a “hold” rating on shares of NXT-ID in a research note on Tuesday, September 17th. ValuEngine downgraded NXT-ID from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
The company has a 50 day simple moving average of $0.50 and a 200 day simple moving average of $0.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.37 and a current ratio of 0.55.
NXT-ID (NASDAQ:NXTD) last posted its quarterly earnings data on Monday, August 19th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). The company had revenue of $4.49 million for the quarter. NXT-ID had a negative net margin of 53.50% and a negative return on equity of 4.65%.
A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. lifted its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 30.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 700,390 shares of the technology company’s stock after buying an additional 162,389 shares during the period. Vanguard Group Inc. owned about 2.40% of NXT-ID worth $518,000 at the end of the most recent reporting period. Institutional investors own 10.24% of the company’s stock.
About NXT-ID (NASDAQ:NXTD)
Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.
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