LogMeIn Stock Hits New 52-Week Low (LOGM)

NEW YORK ( TheStreet) -- LogMeIn (Nasdaq: LOGM) hit a new 52-week low Friday as it is currently trading at $28.45, below its previous 52-week low of $28.63 with 228,212 shares traded as of 2:17 p.m. ET. Average volume has been 390,000 shares over the past 30 days.

LogMeIn has a market cap of $764.9 million and is part of the technology sector and computer software & services industry. Shares are down 33.4% year to date as of the close of trading on Thursday.

LogMeIn, Inc. provides on-demand, remote-connectivity solutions to small and medium-sized businesses, information technology (IT) service providers, and consumers in the United States and internationally.
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TheStreet Ratings rates LogMeIn as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full LogMeIn Ratings Report.

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