Notable Stock News to Watch: LogMeIn (NASDAQ:LOGM)

LogMeIn (NASDAQ:LOGM) spotted trading -6.23% off 52-week high price. On the other end, the stock has been noted 30.97% away from the low price over the last 52-weeks. The stock changed 0.91% to recent value of $81.23. The stock transacted 1150979 shares during most recent day however it has an average volume of 977.38K shares. The company has 50.31M of outstanding shares and 47.59M shares were floated in the market.

On March 12, 2020, LogMeIn (NASDAQ:LOGM) a leading provider of cloud-based connectivity,  announced that its stockholders voted to adopt the previously released definitive agreement in which LogMeIn will be acquired in a transaction led by Francisco Partners, a leading technology-focused global private equity firm, and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation, at its special meeting of stockholders held earlier .  At the special meeting, LogMeIn stockholders adopted the merger agreement with more than 74% of the outstanding shares voting in favor of the merger.  The proposed merger is expected to close in mid-2020, subject to customary closing conditions, including the receipt of regulatory approvals.

About LogMeIn

LogMeIn (NASDAQ: LOGM) simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in unified communications and collaboration, identity and access management, and customer engagement and support solutions, LogMeIn has millions of customers spanning virtually every country across the globe. LogMeIn is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia and Australia.

Its earnings per share (EPS) expected to touch remained -121.50% for this year while earning per share for the next 5-years is expected to reach at 2.20%. LOGM has a gross margin of 74.30% and an operating margin of -0.10% while its profit margin remained -1.20% for the last 12 months.

According to the most recent quarter its current ratio was 0.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.01% from the mean of 20 days, -4.89% from mean of 50 days SMA and performed 7.15% from mean of 200 days price. Company’s performance for the week was -3.55%, -5.05% for month and YTD performance remained -5.26%.