NXT-ID Inc (NASDAQ:NXTD) shares fell 0% on Wednesday . The company traded as low as $2.48 and last traded at $2.52. 2,249,200 shares traded hands during trading, a decline of 20% from the average session volume of 2,794,144 shares. The stock had previously closed at $2.52.
A number of research firms have recently weighed in on NXTD. Maxim Group increased their target price on shares of NXT-ID from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
The stock has a market capitalization of $65.35, a P/E ratio of -2.71 and a beta of -5.32. The company has a current ratio of 0.61, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24.
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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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