LM Funding America (NASDAQ:LMFA) Stock Price Passes Below 50-Day Moving Average – What’s Next?

LM Funding America, Inc. (NASDAQ:LMFA) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.11 and traded as low as $1.73. LM Funding America shares last traded at $1.79, with a volume of 42,554 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “neutral” rating on shares of LM Funding America in a research note on Friday, November 15th.

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 business’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $2.57. The firm has a market cap of $9.16 million, a price-to-earnings ratio of -0.36 and a beta of 1.42.

Institutional Trading of LM Funding America

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC purchased a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,604 shares of the financial services provider’s stock, valued at approximately $31,000. Two Sigma Securities LLC owned about 0.28% of LM Funding America as of its most recent filing with the Securities & Exchange Commission. 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.