Winvest Investment Fund Manage Buys 336,100 Shares of LogicMark, Inc. (NASDAQ:LGMK) Stock

LogicMark, Inc. (NASDAQ:LGMK) major shareholder Winvest Investment Fund Manage purchased 336,100 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost of $0.10 per share, for a total transaction of $33,610.00. Following the acquisition, the insider now owns 945,700 shares of the company’s stock, valued at approximately $94,570. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Winvest Investment Fund Manage also recently made the following trade(s):

• On Tuesday, October 15th, Winvest Investment Fund Manage bought 2,104,107 shares of LogicMark stock. The shares were purchased at an average cost of $0.08 per share, for a total transaction of $168,328.56.

LogicMark Price Performance

NASDAQ:LGMK remained flat at $0.09 during midday trading on Friday. The company had a trading volume of 7,700,260 shares, compared to its average volume of 3,184,673. LogicMark, Inc. has a 1 year low of $0.08 and a 1 year high of $2.20. The company has a market cap of $190,919.30, a P/E ratio of -0.01 and a beta of 1.22. The company’s 50 day moving average price is $0.15 and its 200-day moving average price is $0.51.

LogicMark (NASDAQ:LGMK) last announced its earnings results on Tuesday, August 13th. The company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($1.07) by $0.11. LogicMark had a negative return on equity of 104.48% and a negative net margin of 146.14%. The firm had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $2.37 million. As a group, analysts forecast that LogicMark, Inc. will post -2.15 earnings per share for the current fiscal year.

About LogicMark

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.