Maxim Group restated their buy rating on shares of NXT-ID Inc. (NASDAQ:NXTD) in a research report sent to investors on Tuesday, Marketbeat Ratings reports.

NXT-ID (NXTD) traded up $0.28 during mid-day trading on Tuesday, hitting $1.38. The stock had a trading volume of 2,338,100 shares, compared to its average volume of 301,076. NXT-ID has a 12 month low of $1.01 and a 12 month high of $4.17. The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24.

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An institutional investor recently raised its position in NXT-ID stock. Virtu KCG Holdings LLC lifted its position in shares of NXT-ID Inc. (NASDAQ:NXTD) by 1,806.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,052 shares of the technology company’s stock after acquiring an additional 242,621 shares during the quarter. Virtu KCG Holdings LLC owned approximately 2.67% of NXT-ID worth $479,000 at the end of the most recent reporting period. Institutional investors own 2.57% of the company’s stock.

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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