LogMeIn Inc. (LOGM) experienced unusually high volume on Feb. 16, as the stock gained 7.66% to a closing price of $48.48. The stock saw 558,092 shares trade hands over the course of the day on 6,262 trades. Given that the stock’s average daily volume over the last month has been 342,416 shares a day, this represents a pretty substantial spike over the norm.
LogMeIn Inc. has a P/B ratio of 6.4. It also has a P/E ratio of 80.4. The stock has traded between $75.42 and $35.00 over the last 52-weeks, its 50-day SMA is now $59.32, and its 200-day SMA $65.04.
LogMeIn Inc provides cloud-based services making it possible for people and businesses to simply and securely connect to their workplace, colleagues and customers. Its products include LogMeIn Backup, LogMeIn Hamachi, AppGuru, BoldChat and Cubby.
Headquartered in Boston, MA, LogMeIn Inc. has 964 employees and is currently under the leadership of CEO William R. Wagner.
For a complete fundamental analysis analysis of LogMeIn Inc., check out Equities.com’s Stock Valuation Analysis report for LOGM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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