LM Funding America (NASDAQ:LMFA) Share Price Passes Below 50 Day Moving Average – Time to Sell?

LM Funding America, Inc. (NASDAQ:LMFA) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.46 and traded as low as $1.16. LM Funding America shares last traded at $1.19, with a volume of 29,425 shares traded.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “neutral” rating on shares of LM Funding America in a research report on Wednesday, April 2nd.

LM Funding America Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.65 and a quick ratio of 3.65. The company’s 50-day moving average price is $1.46 and its 200-day moving average price is $2.17. The company has a market cap of $6.11 million, a P/E ratio of -0.24 and a beta of 1.47.

Institutional Trading of LM Funding America

An institutional investor recently raised its position in LM Funding America stock. Geode Capital Management LLC raised its position in LM Funding America, Inc. (NASDAQ:LMFA) by 18.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 51,809 shares of the financial services provider’s stock after acquiring an additional 7,978 shares during the period. Geode Capital Management LLC owned about 1.01% of LM Funding America worth $112,000 as of its most recent filing with the SEC. 22.73% of the stock is currently owned by institutional investors and hedge funds.

About LM Funding America

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.