NXT-ID Inc. (NASDAQ:NXTD) saw strong trading volume on Friday . 237,562 shares were traded during trading, a decline of 46% from the previous session’s volume of 443,039 shares.The stock last traded at $2.15 and had previously closed at $2.10.

Separately, Maxim Group reiterated a “buy” rating and issued a $5.00 target price on shares of NXT-ID in a report on Tuesday.

The stock’s 50-day moving average price is $1.71 and its 200-day moving average price is $1.73. The company’s market capitalization is $32.05 million.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. boosted its stake in NXT-ID Inc. (NASDAQ:NXTD) by 2.2% in the 2nd quarter, according to the company in its most recent 13F 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 approximately 0.79% of NXT-ID worth $144,000 at the end of the most recent reporting period. 3.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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