NXT-ID Inc (NASDAQ:NXTD) traded up 12.5% during trading on Monday . The company traded as high as $0.48 and last traded at $0.45, 636,203 shares were traded during mid-day trading. An increase of 132% from the average session volume of 274,160 shares. The stock had previously closed at $0.40.
Separately, Maxim Group restated a “hold” rating on shares of NXT-ID in a report on Tuesday.
The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.71.
NXT-ID (NASDAQ:NXTD) last issued its earnings results on Monday, August 19th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). NXT-ID had a negative return on equity of 4.65% and a negative net margin of 53.50%. The business had revenue of $4.49 million for the quarter.
An institutional investor recently raised its position in NXT-ID stock. Vanguard Group Inc. boosted its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 30.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,390 shares of the technology company’s stock after acquiring an additional 162,389 shares during the period. Vanguard Group Inc. owned about 2.40% of NXT-ID worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 10.29% of the stock is currently owned by institutional investors.
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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