LogicMark (OTCMKTS:LGMKD) Trading Up 10.6% – Time to Buy?

LogicMark, Inc. (OTCMKTS:LGMKD) shares traded up 10.6% during mid-day trading on Tuesday . The company traded as high as $0.7299 and last traded at $0.7299. 8,434 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 8,586 shares. The stock had previously closed at $0.66.

Analysts Set New Price Targets

Separately, Zacks Research raised LogicMark to a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

LogicMark Stock Up 10.6%

The company has a fifty day moving average price of $0.85 and a 200 day moving average price of $1.86. The stock has a market cap of $661,289.40, a PE ratio of -0.01 and a beta of 1.67.

LogicMark (OTCMKTS:LGMKD) last issued its earnings results on Wednesday, November 12th. The company reported ($2.21) earnings per share for the quarter. The company had revenue of $2.91 million for 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%. As a group, research analysts predict that LogicMark, Inc. will post -54.25 earnings per share for the current year.

LogicMark Company Profile

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.