Nxt-ID Inc. (NXTD) Trading Down 4.3%
Nxt-ID Inc. (NASDAQ:NXTD)’s share price dropped 4.3% during trading on Monday . The company traded as low as $3.50 and last traded at $3.55, with a volume of 66,861 shares. The stock had previously closed at $3.71.
The stock’s market capitalization is $23.81 million. The company has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.33.
An institutional investor recently raised its position in Nxt-ID stock. Vanguard Group Inc. raised its stake in Nxt-ID Inc. (NASDAQ:NXTD) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357,003 shares of the company’s stock after buying an additional 8,700 shares during the period. Vanguard Group Inc. owned 0.60% of Nxt-ID worth $126,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.02% of the company’s 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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