Maxim Group set a $5.00 price objective on NXT-ID (NASDAQ:NXTD) in a research report report published on Tuesday. The brokerage currently has a buy rating on the technology company’s stock.

Separately, ValuEngine raised NXT-ID from a sell rating to a hold rating in a research report on Friday, December 1st.

Shares of NXT-ID (NASDAQ:NXTD) traded up $0.23 during trading hours on Tuesday, reaching $1.82. The company had a trading volume of 7,185,400 shares, compared to its average volume of 396,954. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.61 and a quick ratio of 0.32. NXT-ID has a twelve month low of $1.01 and a twelve month high of $4.17.

An institutional investor recently raised its position in NXT-ID stock. Virtu KCG Holdings LLC lifted its holdings in NXT-ID Inc (NASDAQ:NXTD) by 1,806.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.28% of the company’s stock.

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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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