NXT-ID (NASDAQ:NXTD) Price Target Raised to $6.00 at Maxim Group

NXT-ID (NASDAQ:NXTD) had its price objective boosted by Maxim Group from $5.00 to $6.00 in a report released on Wednesday, January 3rd. The firm currently has a buy rating on the technology company’s stock.

Separately, ValuEngine upgraded NXT-ID from a sell rating to a hold rating in a research report on Friday, December 1st.

Shares of NXT-ID (NASDAQ:NXTD) opened at $2.85 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24. NXT-ID has a 52-week low of $1.01 and a 52-week high of $8.59.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. grew its stake in NXT-ID Inc (NASDAQ:NXTD) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,010 shares of the technology company’s stock after purchasing an additional 1,609 shares during the period. Vanguard Group Inc. owned about 0.79% of NXT-ID worth $144,000 at the end of the most recent quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

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About NXT-ID

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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