NXT-ID Inc. (NASDAQ:NXTD) was up 25.5% during trading on Thursday . The company traded as high as $1.47 and last traded at $1.38. Approximately 2,338,100 shares changed hands during trading, an increase of 677% from the average daily volume of 301,076 shares. The stock had previously closed at $1.10.

Separately, Maxim Group reissued a “buy” rating on shares of NXT-ID in a report on Tuesday.

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. boosted its stake in shares of NXT-ID Inc. (NASDAQ:NXTD) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,010 shares of the technology company’s stock after acquiring an additional 1,609 shares during the quarter. Vanguard Group Inc. owned approximately 0.79% of NXT-ID worth $144,000 as of its most recent SEC filing. 2.57% of the stock is currently owned by institutional investors and hedge funds.

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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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