LifeMD (NASDAQ:LFMDP) Shares Down 0.3% – Here’s Why

LifeMD, Inc. (NASDAQ:LFMDPGet Free Report)’s share price was down 0.3% during mid-day trading on Wednesday . The company traded as low as $23.33 and last traded at $23.33. 4,461 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 2,289 shares. The stock had previously closed at $23.40.

LifeMD Trading Down 0.3%

The company’s fifty day moving average is $23.41 and its 200 day moving average is $23.32.

LifeMD Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, July 3rd were given a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a yield of 9.5%. The ex-dividend date was Thursday, July 2nd.

LifeMD Company Profile

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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.

Further Reading

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