LogicMark (NASDAQ:LGMK) Shares Up 1.6%

LogicMark, Inc. (NASDAQ:LGMK) shot up 1.6% during mid-day trading on Thursday . The company traded as high as $0.65 and last traded at $0.63. 8,016 shares traded hands during trading, a decline of 66% from the average session volume of 23,257 shares. The stock had previously closed at $0.62.

LogicMark Trading Up 1.6 %

The firm has a market cap of $1.38 million, a P/E ratio of -0.06 and a beta of 1.27. The company’s 50-day moving average is $0.74 and its two-hundred day moving average is $0.92.

LogicMark (NASDAQ:LGMK) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.85) earnings per share for the quarter, topping the consensus estimate of ($0.88) by $0.03. The business had revenue of $2.61 million for the quarter, compared to analysts’ expectations of $2.84 million. LogicMark had a negative net margin of 148.63% and a negative return on equity of 86.78%. Research analysts anticipate that LogicMark, Inc. will post -3.85 EPS 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.