NXT-ID (NXTD) Trading 13.1% Higher
NXT-ID Inc (NASDAQ:NXTD) traded up 13.1% during mid-day trading on Monday . The stock traded as high as $2.82 and last traded at $2.77. 2,122,220 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 2,488,841 shares. The stock had previously closed at $2.45.
Several equities research analysts recently issued reports on the company. Maxim Group boosted their price target on NXT-ID from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.
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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