LogicMark (NASDAQ:LGMK) Shares Down 5.7% – Should You Sell?

LogicMark, Inc. (NASDAQ:LGMK) traded down 5.7% during mid-day trading on Friday . The company traded as low as $0.90 and last traded at $0.91. 144,003 shares changed hands during trading, a decline of 37% from the average session volume of 230,278 shares. The stock had previously closed at $0.97.

LogicMark Trading Down 5.7 %

The company’s 50 day simple moving average is $1.50 and its 200 day simple moving average is $3.38. The stock has a market capitalization of $1.86 million, a PE ratio of 0.00 and a beta of 1.15.

LogicMark (NASDAQ:LGMK) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($5.00) 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 business had revenue of $2.71 million during the quarter, compared to the consensus estimate of $2.44 million. During the same quarter in the previous year, the business earned ($27.50) earnings per share. As a group, 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.