“2018, NXTD announced its intention to spin off its Fit Pay subsidiary (to be re-named PartX), and subsequently established a record date of October 17. On October 17, NXTD shares started trading without (any value for) PartX (that is, just reflecting the value of its healthcare subsidiary, LogicMark). On December 17, it was announced that the spin-off was delayed, and the October 17 record date was withdrawn, so NXTD shares now trade with the values of both LogicMark and PartX included. A new record date has not yet been announced.”,” Maxim Group’s analyst commented.
Shares of NASDAQ:NXTD opened at $0.95 on Thursday. NXT-ID has a 12 month low of $0.53 and a 12 month high of $2.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.16 and a quick ratio of 0.97.
Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.
Featured Article: What is channel trading?
Receive News & Ratings for NXT-ID Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXT-ID and related companies with MarketBeat.com's FREE daily email newsletter.