NXT-ID Inc (NASDAQ:NXTD) shares gapped up prior to trading on Friday . The stock had previously closed at $2.32, but opened at $2.55. NXT-ID shares last traded at $2.31, with a volume of 1188586 shares traded.

A number of brokerages recently commented on NXTD. Maxim Group raised their price target on NXT-ID from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine raised NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

The firm has a market cap of $52.29, a P/E ratio of -2.26 and a beta of -4.52. The company has a current ratio of 0.61, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24.

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

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in NXT-ID in the fourth quarter valued at about $100,000. Vanguard Group Inc. boosted its stake in shares of NXT-ID by 2.2% during the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in shares of NXT-ID by 1,806.4% during the second quarter. Virtu KCG Holdings LLC now owns 256,052 shares of the technology company’s stock valued at $479,000 after purchasing an additional 242,621 shares in the last quarter. 2.88% of the stock is currently owned by institutional investors and hedge funds.

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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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