NXT-ID (NASDAQ:NXTD) Shares Cross Above 50 Day Moving Average of $0.42
NXT-ID Inc (NASDAQ:NXTD) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.42 and traded as high as $0.41. NXT-ID shares last traded at $0.40, with a volume of 1,484 shares trading hands.
Separately, Maxim Group downgraded shares of NXT-ID from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd.
The stock’s 50-day moving average is $0.41 and its 200-day moving average is $0.73. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.90.
A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. increased its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 30.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 700,390 shares of the technology company’s stock after purchasing an additional 162,389 shares during the quarter. Vanguard Group Inc. owned 2.40% of NXT-ID worth $518,000 as of its most recent filing with the SEC. 10.29% of the stock is owned by institutional investors.
About NXT-ID (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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