LM Funding America (NASDAQ:LMFA) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:LMFA) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.73 and traded as low as $1.56. LM Funding America shares last traded at $1.60, with a volume of 7,713 shares changing hands.

LM Funding America Price Performance

The business has a 50-day moving average of $1.73 and a two-hundred day moving average of $2.33. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a market cap of $8.21 million, a P/E ratio of -0.33 and a beta of 1.55.

Institutional Inflows and Outflows

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