NXT-ID (NASDAQ:NXTD) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Maxim Group set a $5.00 target price on NXT-ID and gave the company a “buy” rating in a research report on Thursday, August 3rd.

NXT-ID (NXTD) traded down $0.03 during trading hours on Friday, hitting $1.29. The stock had a trading volume of 171,387 shares, compared to its average volume of 637,650. NXT-ID has a 52-week low of $1.01 and a 52-week high of $4.17. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.

A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC increased its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 1,806.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 256,052 shares of the technology company’s stock after acquiring an additional 242,621 shares during the period. Virtu KCG Holdings LLC owned approximately 2.67% of NXT-ID worth $479,000 as of its most recent SEC filing. Institutional investors own 4.62% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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