NXT-ID Inc (NXTD) Posts Earnings Results, Beats Expectations By $0.01 EPS
NXT-ID Inc (NASDAQ:NXTD) issued its quarterly earnings results on Tuesday. The technology company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $6.68 million for the quarter. NXT-ID had a negative return on equity of 3,212.17% and a negative net margin of 442.31%.
Shares of NXT-ID (NASDAQ:NXTD) traded down 4.43% during trading on Wednesday, reaching $1.67. The company had a trading volume of 52,808 shares. The company has a 50 day moving average of $1.75 and a 200-day moving average of $2.45. The firm’s market capitalization is $14.27 million. NXT-ID has a 52-week low of $1.44 and a 52-week high of $6.49.
An institutional investor recently raised its position in NXT-ID stock. Vanguard Group Inc. raised its position in NXT-ID Inc (NASDAQ:NXTD) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,401 shares of the technology company’s stock after buying an additional 8,900 shares during the period. Vanguard Group Inc. owned 0.87% of NXT-ID worth $138,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.26% of the company’s stock.
Separately, Maxim Group assumed coverage on NXT-ID in a research note on Thursday, April 20th. They issued a “buy” rating and a $4.25 price target on the stock.
NXT-ID Company Profile
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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