NXT-ID Inc (NASDAQ:NXTD) shares fell 7.5% during trading on Monday . The stock traded as low as $2.85 and last traded at $2.85. 0 shares traded hands during trading, a decline of 100% from the average session volume of 8,120,000 shares. The stock had previously closed at $3.08.

Several research firms recently commented on NXTD. Maxim Group boosted their price objective on shares of NXT-ID from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24. The firm has a market cap of $64.71, a P/E ratio of -2.68 and a beta of -5.12.

NXT-ID (NASDAQ:NXTD) last posted its quarterly earnings data on Tuesday, November 14th. The technology company reported ($0.28) EPS for the quarter. NXT-ID had a negative return on equity of 335.10% and a negative net margin of 35.61%.

A number of large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC grew its position in NXT-ID by 1,806.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 256,052 shares of the technology company’s stock worth $479,000 after purchasing an additional 242,621 shares during the last quarter. Vanguard Group Inc. grew its position in NXT-ID by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in NXT-ID during the 4th quarter worth approximately $100,000. 2.74% of the stock is currently owned by institutional investors.

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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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