LifeMD (NASDAQ:LFMDP) Trading 0.4% Higher – Time to Buy?

LifeMD, Inc. (NASDAQ:LFMDP) was up 0.4% during mid-day trading on Monday . The company traded as high as $24.96 and last traded at $24.54. Approximately 4,884 shares were traded during trading, an increase of 76% from the average daily volume of 2,780 shares. The stock had previously closed at $24.44.

LifeMD Trading Up 0.5 %

The company has a 50 day moving average price of $22.72 and a 200 day moving average price of $22.50.

LifeMD Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.5547 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 9.02%.

About LifeMD

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.