NXT-ID Inc (NASDAQ:NXTD) saw unusually-high trading volume on Monday . Approximately 25,686,326 shares were traded during trading, an increase of 795% from the previous session’s volume of 2,868,940 shares.The stock last traded at $2.72 and had previously closed at $2.18.
NXTD has been the topic of several research analyst reports. Maxim Group set a $5.00 price target on shares of NXT-ID and gave the company a “buy” rating in a research report on Tuesday, December 19th. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
The company has a current ratio of 0.61, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The stock has a market cap of $65.00, a PE ratio of -2.83 and a beta of -4.52.
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NXT-ID Company Profile
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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