LogicMark (OTCMKTS:LGMKD) Releases Earnings Results

LogicMark (OTCMKTS:LGMKD) posted its earnings results on Wednesday. The company reported ($2.21) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $2.91 million for the quarter, compared to analyst estimates of $2.72 million. LogicMark had a negative net margin of 90.21% and a negative return on equity of 57.94%.

LogicMark Price Performance

OTCMKTS LGMKD traded down $0.03 on Friday, hitting $1.15. 2,279 shares of the company were exchanged, compared to its average volume of 78,466. LogicMark has a twelve month low of $1.10 and a twelve month high of $2,703.75. The firm has a market capitalization of $1.04 million, a P/E ratio of 0.00 and a beta of 1.67. The company’s 50 day moving average price is $2.17 and its 200-day moving average price is $3.92.

Analyst Ratings Changes

Separately, Zacks Research upgraded LogicMark to a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

LogicMark Company Profile

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.