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Fly News Breaks for August 23, 2019
NXTD
Aug 23, 2019 | 08:13 EDT
As previously reported, Maxim analyst Michael Diana downgraded Nxt-ID to Hold from Buy. The analyst notes that the company's Q2 results were "solid", but points to the management's disclosure that its unprofitable Fit Pay business is no longer being spun off. Diana adds that while there is a letter of intent for the unit's sale, it is non-binding and raises uncertainty whether the disposition will take place.
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