LogicMark (NASDAQ:LGMK) Stock Price Down 0.7% – Here’s Why

LogicMark, Inc. (NASDAQ:LGMK) fell 0.7% during trading on Thursday . The company traded as low as $1.42 and last traded at $1.43. 67,418 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 371,522 shares. The stock had previously closed at $1.44.

LogicMark Stock Performance

The stock has a fifty day moving average of $1.90 and a 200 day moving average of $4.78. The company has a market capitalization of $2.88 million, a PE ratio of -0.01 and a beta of 1.17.

LogicMark (NASDAQ:LGMK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($5.00) EPS for the quarter, topping analysts’ consensus estimates of ($10.75) by $5.75. LogicMark had a negative return on equity of 124.91% and a negative net margin of 141.96%. The company had revenue of $2.71 million for the quarter, compared to analysts’ expectations of $2.44 million. During the same period in the previous year, the firm earned ($27.50) EPS. As a group, equities analysts predict that LogicMark, Inc. will post -54.25 EPS for the current year.

LogicMark Company Profile

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company’s devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one’s health and safety remotely.