LogicMark (NASDAQ:LGMK) Shares Down 5.7% – What’s Next?

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

LogicMark Trading Down 5.7 %

The firm has a market cap of $1.86 million, a PE ratio of 0.00 and a beta of 1.15. The company has a 50 day moving average price of $1.50 and a 200 day moving average price of $3.38.

LogicMark (NASDAQ:LGMK) last posted its earnings results on Tuesday, November 12th. The company reported ($5.00) earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.44 million. During the same quarter in the prior year, the company earned ($27.50) earnings per share. As a group, equities research analysts anticipate that LogicMark, Inc. will post -54.25 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.