NXT-ID (NXTD) Shares Down 6.2% on Insider Selling

NXT-ID Inc (NASDAQ:NXTD) shares dropped 6.2% on Thursday after an insider sold shares in the company. The company traded as low as $1.05 and last traded at $1.06. Approximately 535,507 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 856,084 shares. The stock had previously closed at $1.13.

Specifically, COO Michael Joseph Orlando sold 60,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $1.53, for a total value of $91,800.00. Following the completion of the sale, the chief operating officer now directly owns 1,249,605 shares of the company’s stock, valued at $1,911,895.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 78,000 shares of company stock valued at $119,840 over the last three months. Company insiders own 13.27% of the company’s stock.

Separately, Maxim Group reissued a “buy” rating and issued a $4.00 target price on shares of NXT-ID in a research report on Friday, September 28th.

The company has a quick ratio of 0.93, a current ratio of 1.47 and a debt-to-equity ratio of 0.79.

NXT-ID (NASDAQ:NXTD) last posted its quarterly earnings data on Wednesday, August 15th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The company had revenue of $5.18 million during the quarter. NXT-ID had a negative return on equity of 57.44% and a negative net margin of 46.85%.

An institutional investor recently bought a new position in NXT-ID stock. Barclays PLC bought a new stake in shares of NXT-ID Inc (NASDAQ:NXTD) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 147,500 shares of the technology company’s stock, valued at approximately $294,000. Barclays PLC owned approximately 0.61% of NXT-ID at the end of the most recent quarter. Institutional investors own 4.62% of the company’s stock.

NXT-ID Company Profile (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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