LogicMark (OTCMKTS:LGMKD) Trading Down 2.9% – Time to Sell?

LogicMark, Inc. (OTCMKTS:LGMKD) dropped 2.9% during trading on Wednesday . The stock traded as low as $0.68 and last traded at $0.68. Approximately 2,346 shares traded hands during trading, a decline of 73% from the average daily volume of 8,586 shares. The stock had previously closed at $0.70.

Wall Street Analyst Weigh In

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

LogicMark Stock Down 2.9%

The stock has a market cap of $616,080.00, a PE ratio of -0.01 and a beta of 1.67. The company has a fifty day moving average price of $0.75 and a 200 day moving average price of $1.64.

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.