NXT-ID (NASDAQ:NXTD) Stock Price Down 6.3%

Shares of NXT-ID Inc (NASDAQ:NXTD) dropped 6.3% during trading on Friday . The stock traded as low as $0.31 and last traded at $0.37, approximately 508,439 shares changed hands during mid-day trading. An increase of 82% from the average daily volume of 278,863 shares. The stock had previously closed at $0.40.

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.54. The company has a 50 day moving average of $0.58 and a 200 day moving average of $0.83.

NXT-ID (NASDAQ:NXTD) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported ($0.01) EPS for the quarter. The business had revenue of $4.18 million during the quarter. NXT-ID had a negative return on equity of 5.84% and a negative net margin of 39.99%.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. grew its holdings in NXT-ID Inc (NASDAQ:NXTD) by 30.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 700,390 shares of the technology company’s stock after purchasing an additional 162,389 shares during the quarter. Vanguard Group Inc. owned about 2.40% of NXT-ID worth $518,000 as of its most recent filing with the SEC. 3.11% of the stock is owned by institutional investors and hedge funds.

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.

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