LifeMD (NASDAQ:LFMDP) Stock Price Down 1.1% – Should You Sell?

Shares of LifeMD, Inc. (NASDAQ:LFMDP) fell 1.1% during trading on Monday . The company traded as low as $21.51 and last traded at $22.75. 6,768 shares traded hands during trading, a decline of 0% from the average session volume of 6,774 shares. The stock had previously closed at $23.00.

LifeMD Stock Down 1.1 %

The firm’s 50 day simple moving average is $22.32 and its 200-day simple moving average is $22.17.

LifeMD Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th were paid a dividend of $0.5547 per share. The ex-dividend date was Friday, October 4th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 9.75%.

About LifeMD

LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.