NXT-ID Inc (NASDAQ:NXTD) was up 6.2% during trading on Monday . The stock traded as high as $2.05 and last traded at $2.05. Approximately 556,331 shares changed hands during trading, a decline of 63% from the average daily volume of 1,506,703 shares. The stock had previously closed at $1.93.
Separately, Maxim Group restated a “buy” rating and set a $5.00 price objective on shares of NXT-ID in a report on Tuesday, April 24th.
The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.84 and a current ratio of 1.12.
NXT-ID (NASDAQ:NXTD) last issued its quarterly earnings data on Wednesday, May 16th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.03. NXT-ID had a negative net margin of 35.47% and a negative return on equity of 108.28%.
In related news, COO Michael Joseph Orlando sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $2.72, for a total transaction of $27,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $111,280. Corporate insiders own 19.15% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can bought a new position in NXT-ID in the fourth quarter valued at approximately $100,000. Millennium Management LLC bought a new position in NXT-ID in the fourth quarter valued at approximately $145,000. Finally, Barclays PLC bought a new position in NXT-ID in the first quarter valued at approximately $294,000. 2.90% of the stock is currently owned by hedge funds and other institutional investors.
Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, finance, and Internet of Things (IoT) markets. It offers World Ventures SmartCard, a smartcard customized for WorldVentures, a travel company with approximately 500,000 members; and develops NXT SmartPay, a standalone solution with the ability to make payments on various devices through magnetic stripes, as well as through interaction with a terminal through EMC, near field communication (NFC), or barcode functionality.
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