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

LifeMD, Inc. (NASDAQ:LFMDP) was down 1.8% during trading on Monday . The stock traded as low as $22.18 and last traded at $22.30. Approximately 17,044 shares changed hands during trading, an increase of 578% from the average daily volume of 2,513 shares. The stock had previously closed at $22.70.

LifeMD Stock Performance

The stock’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $23.25.

LifeMD Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, January 5th.

LifeMD Company Profile

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.