NXT-ID Inc (NASDAQ:NXTD) COO Michael Joseph Orlando sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $2.72, for a total transaction of $27,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Michael Joseph Orlando also recently made the following trade(s):
- On Tuesday, February 13th, Michael Joseph Orlando sold 10,000 shares of NXT-ID stock. The stock was sold at an average price of $2.06, for a total transaction of $20,600.00.
NXT-ID Inc (NASDAQ:NXTD) traded down $0.02 during mid-day trading on Wednesday, hitting $2.58. 447,225 shares of the company traded hands, compared to its average volume of 2,180,000. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61. The firm has a market capitalization of $58.58, a PE ratio of -2.69 and a beta of -4.41. NXT-ID Inc has a twelve month low of $1.01 and a twelve month high of $8.59.
Several research firms recently commented on NXTD. Maxim Group raised their price target on shares of NXT-ID from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of NXTD. Vanguard Group Inc. lifted its stake in NXT-ID by 2.2% in the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,609 shares during the last quarter. Bank of Montreal Can acquired a new stake in NXT-ID in the fourth quarter valued at approximately $100,000. Finally, Millennium Management LLC acquired a new stake in NXT-ID in the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 3.07% of the company’s stock.
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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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