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.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in NXT-ID by 2.2% during the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,609 shares in the last quarter. Bank of Montreal Can acquired a new position in NXT-ID during the fourth quarter valued at approximately $100,000. Finally, Millennium Management LLC acquired a new position in NXT-ID during the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 3.07% 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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