NXT-ID Inc (NASDAQ:NXTD) fell 9.2% during trading on Tuesday . The stock traded as low as $2.03 and last traded at $2.07. 1,157,246 shares changed hands during trading, a decline of 59% from the average session volume of 2,807,682 shares. The stock had previously closed at $2.28.

Several research firms have commented on NXTD. ValuEngine raised shares of NXT-ID from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Maxim Group reiterated a “buy” rating on shares of NXT-ID in a research report on Tuesday, November 21st.

The stock has a market cap of $48.58, a PE ratio of -2.23 and a beta of -4.30. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.

NXT-ID (NASDAQ:NXTD) last announced its quarterly earnings results 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%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu KCG Holdings LLC increased its position 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 buying an additional 242,621 shares during the period. Vanguard Group Inc. increased its position 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 buying an additional 1,609 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of NXT-ID during the fourth quarter valued at about $100,000. Hedge funds and other institutional investors own 2.88% 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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