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

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.83 and traded as low as $2.20. LM Funding America shares last traded at $2.30, with a volume of 71,909 shares trading hands.

Wall Street Analyst Weigh In

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

LM Funding America Trading Up 3.9 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.65 and a current ratio of 3.65. The stock has a market capitalization of $8.12 million, a P/E ratio of -0.49 and a beta of 1.36. The stock has a 50-day moving average price of $2.80 and a two-hundred day moving average price of $3.22.

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.