LifeMD (NASDAQ:LFMDP) Stock Price Down 1.8% – Time to Sell?

LifeMD, Inc. (NASDAQ:LFMDP)’s stock price fell 1.8% on Monday . The stock traded as low as $22.18 and last traded at $22.30. 17,044 shares changed hands during mid-day trading, an increase of 578% from the average session volume of 2,513 shares. The stock had previously closed at $22.70.

LifeMD Trading Down 1.8%

The firm’s fifty day moving average is $22.27 and its 200-day moving average is $23.25.

LifeMD Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, January 5th were issued a $0.5547 dividend. This represents a $2.22 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend was Monday, January 5th.

LifeMD Company Profile

LifeMD Inc is a telehealth provider offering personalized virtual medical and wellness services via its digital platform. The company connects patients with licensed healthcare professionals for consultations, diagnosis, and treatment across a broad spectrum of health needs. Through a subscription-based model, LifeMD delivers ongoing support for chronic condition management, preventive care and general health maintenance, aiming to improve access to care and enhance patient convenience.

The company’s service offerings include remote consultations in primary care, hormone replacement therapy, sexual health, weight management, mental wellness and dermatology.