NXT-ID Inc. (NASDAQ:NXTD) shares gapped up prior to trading on Friday . The stock had previously closed at $1.87, but opened at $2.08. NXT-ID shares last traded at $2.02, with a volume of 283,060 shares trading hands.

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

The stock’s market cap is $29.93 million. The stock’s 50-day moving average price is $1.68 and its 200-day moving average price is $1.74.

An institutional investor recently raised its position in NXT-ID stock. Vanguard Group Inc. increased its position in NXT-ID Inc. (NASDAQ:NXTD) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,010 shares of the technology company’s stock after buying an additional 1,609 shares during the period. Vanguard Group Inc. owned 0.79% of NXT-ID worth $144,000 as of its most recent filing with the SEC. 3.02% of the stock is currently owned by hedge funds and other institutional investors.

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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.