NXT-ID (NASDAQ:NXTD) Shares Gap Up to $0.53

NXT-ID Inc (NASDAQ:NXTD)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $0.25, but opened at $0.53. NXT-ID shares last traded at $0.53, with a volume of 2,353,300 shares.

The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.41.

NXT-ID (NASDAQ:NXTD) last issued its quarterly earnings results on Friday, May 15th. The technology company reported $0.01 EPS for the quarter. NXT-ID had a negative return on equity of 6.30% and a negative net margin of 60.19%. The business had revenue of $3.74 million for the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXTD. Sunbelt Securities Inc. purchased a new position in shares of NXT-ID in the 1st quarter worth about $27,000. Renaissance Technologies LLC purchased a new stake in NXT-ID during the fourth quarter worth about $46,000. Finally, Fondren Management LP raised its position in NXT-ID by 9.1% in the first quarter. Fondren Management LP now owns 2,445,767 shares of the technology company’s stock worth $856,000 after acquiring an additional 204,198 shares during the period. Institutional investors own 11.07% of the company’s stock.

NXT-ID Company Profile (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.

Featured Story: Relative Strength Index

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.