LifeMD (NASDAQ:LFMDP) Trading Down 1.8% – Here’s Why

Shares of LifeMD, Inc. (NASDAQ:LFMDP) dropped 1.8% on Friday . The company traded as low as $21.75 and last traded at $21.86. Approximately 4,652 shares were traded during mid-day trading, an increase of 89% from the average daily volume of 2,465 shares. The stock had previously closed at $22.25.

LifeMD Price Performance

The firm has a 50-day simple moving average of $22.51 and a 200-day simple moving average of $22.29.

LifeMD Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $0.5547 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.22 annualized dividend and a yield of 10.15%.

LifeMD Company Profile

LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.