Shares of NXT-ID Inc. (NASDAQ:NXTD) traded up 2.2% on Tuesday . The company traded as high as $1.43 and last traded at $1.35. 151,800 shares were traded during trading, a decline of 47% from the average session volume of 285,420 shares. The stock had previously closed at $1.38.

Separately, Maxim Group set a $5.00 target price on shares of NXT-ID and gave the stock a “buy” rating in a report on Wednesday, July 26th.

The company has a current ratio of 0.58, a quick ratio of 0.29 and a debt-to-equity ratio of 3.33.

A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC increased its position in NXT-ID Inc. (NASDAQ:NXTD) by 1,806.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,052 shares of the technology company’s stock after acquiring an additional 242,621 shares during the period. Virtu KCG Holdings LLC owned approximately 2.67% of NXT-ID worth $479,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.10% 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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