Shares of LogicMark, Inc. (NASDAQ:LGMK – Get Free Report) rose 1.6% during mid-day trading on Thursday . The company traded as high as $0.65 and last traded at $0.63. Approximately 8,016 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 23,257 shares. The stock had previously closed at $0.62.
LogicMark Stock Performance
The business’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.92.
LogicMark (NASDAQ:LGMK – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($0.85) EPS for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.03. LogicMark had a negative return on equity of 86.78% and a negative net margin of 148.63%. The firm had revenue of $2.61 million for the quarter, compared to the consensus estimate of $2.84 million. Equities research analysts expect that LogicMark, Inc. will post -3.85 earnings per share for the current fiscal year.
About LogicMark
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.
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