NXT-ID (NASDAQ:NXTD) Share Price Passes Below Fifty Day Moving Average of $0.48

NXT-ID Inc (NASDAQ:NXTD) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.48 and traded as low as $0.41. NXT-ID shares last traded at $0.41, with a volume of 6,700 shares changing hands.

Separately, ValuEngine lowered shares of NXT-ID from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

The business has a 50-day moving average of $0.48 and a 200 day moving average of $0.50. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.59 and a quick ratio of 0.33.

NXT-ID (NASDAQ:NXTD) last announced its quarterly earnings results on Friday, November 15th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $4.44 million during the quarter. NXT-ID had a negative return on equity of 17.83% and a negative net margin of 90.45%.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. raised its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 30.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700,390 shares of the technology company’s stock after acquiring an additional 162,389 shares during the quarter. Vanguard Group Inc. owned approximately 2.40% of NXT-ID worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.59% of the company’s stock.

About NXT-ID (NASDAQ:NXTD)

Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.

Further Reading: What are no-load funds?

Receive News & Ratings for NXT-ID Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXT-ID and related companies with MarketBeat.com's FREE daily email newsletter.