LogicMark (OTCMKTS:LGMKD) Trading Up 17% – Here’s What Happened

LogicMark, Inc. (OTCMKTS:LGMKD)’s share price traded up 17% on Friday . The stock traded as high as $0.9950 and last traded at $0.9950. 12,022 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 8,586 shares. The stock had previously closed at $0.8501.

Wall Street Analysts Forecast Growth

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

LogicMark Stock Down 21.3%

The firm’s 50 day moving average is $1.57 and its 200-day moving average is $2.50. The firm has a market cap of $709,851.00, a PE ratio of -0.01 and a beta of 1.67.

LogicMark (OTCMKTS:LGMKD) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($2.21) EPS for the quarter. The business had revenue of $2.91 million during the quarter, compared to analysts’ expectations of $2.72 million. LogicMark had a negative net margin of 90.21% and a negative return on equity of 57.08%. On average, analysts forecast that LogicMark, Inc. will post -54.25 earnings per share for the current year.

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.