LM Funding America (NASDAQ:LMFA) Shares Pass Above 50-Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.86 and traded as high as $2.90. LM Funding America shares last traded at $2.79, with a volume of 158,902 shares.

Wall Street Analyst Weigh In

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

LM Funding America Stock Performance

The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $9.48 million, a P/E ratio of -0.57 and a beta of 1.35. The company’s 50 day moving average is $2.86 and its 200-day moving average is $3.32.

LM Funding America Company Profile

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.