LogicMark (OTCMKTS:LGMKD) Trading Down 15.9% – Here’s Why

Shares of LogicMark, Inc. (OTCMKTS:LGMKDGet Free Report) dropped 15.9% during trading on Monday . The company traded as low as $0.57 and last traded at $0.5890. 446 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 62,721 shares. The stock had previously closed at $0.70.

LogicMark Stock Down 15.9%

The firm has a 50 day moving average price of $0.71 and a two-hundred day moving average price of $0.70. The company has a market capitalization of $533,634.00, a price-to-earnings ratio of -0.01 and a beta of 1.67.

About LogicMark

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LogicMark, Inc (NASDAQ:LGMKD) is a Florida-based company specializing in personal emergency response systems (PERS) designed to enhance safety and independence for seniors and vulnerable individuals. Through its proprietary cellular and GPS-enabled devices, LogicMark enables rapid connection to emergency services and designated caregivers at the push of a button, whether users are at home or on the move. The company’s solutions help address the growing demand for reliable, easy-to-use monitoring technology in aging-in-place and assisted-living settings.

The company’s product portfolio includes in-home cellular units, wearable pendants, wristband communicators and on-the-go mobile locators with built-in fall detection capabilities.

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