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

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

LogicMark Trading Down 1.4 %

The stock has a market cap of $2.88 million, a P/E ratio of -0.01 and a beta of 1.17. The company has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $4.78.

LogicMark (NASDAQ:LGMK) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($5.00) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.44 million. During the same quarter in the previous year, the business earned ($27.50) EPS. As a group, equities analysts forecast that LogicMark, Inc. will post -54.25 earnings per share for the current fiscal 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.