LogicMark (OTCMKTS:LGMKD) Trading Down 6.4% – Time to Sell?

LogicMark, Inc. (OTCMKTS:LGMKD) was down 6.4% during mid-day trading on Thursday . The company traded as low as $1.17 and last traded at $1.17. 130 shares changed hands during trading, a decline of 100% from the average session volume of 62,721 shares. The stock had previously closed at $1.25.

LogicMark Stock Down 6.4%

The firm has a market cap of $1.06 million, a P/E ratio of -0.01 and a beta of 1.67. The firm’s 50-day simple moving average is $0.89 and its 200 day simple moving average is $0.74.

LogicMark (OTCMKTS:LGMKD) last released its earnings results on Wednesday, August 19th. The company reported ($1.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.75) by ($0.06). LogicMark had a negative net margin of 90.21% and a negative return on equity of 57.08%. The company had revenue of $3.35 million for the quarter, compared to the consensus estimate of $3.17 million. As a group, analysts forecast that LogicMark, Inc. will post -54.25 earnings per share for the current year.

About LogicMark

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.