NXT-ID Inc. (NASDAQ:NXTD) shot up 7.1% during mid-day trading on Monday . The company traded as high as $2.29 and last traded at $2.27. 589,705 shares were traded during mid-day trading, an increase of 34% from the average session volume of 441,103 shares. The stock had previously closed at $2.12.

Separately, Maxim Group reissued a “buy” rating and issued a $5.00 price target on shares of NXT-ID in a research note on Tuesday, September 5th.

The company’s market cap is $34.32 million. The stock’s 50 day moving average price is $1.73 and its 200-day moving average price is $1.72.

A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC boosted its holdings in NXT-ID Inc. (NASDAQ:NXTD) by 1,806.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 256,052 shares of the technology company’s stock after buying an additional 242,621 shares during the period. Virtu KCG Holdings LLC owned approximately 2.67% of NXT-ID worth $479,000 at the end of the most recent reporting period. Institutional investors own 3.02% of the company’s stock.

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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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