LM Funding America (NASDAQ:LMFA) Shares Pass Below Fifty Day Moving Average – What’s Next?

LM Funding America, Inc. (NASDAQ:LMFA)’s share price passed 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.

Wall Street Analyst Weigh In

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

LM Funding America Stock Performance

The stock’s 50-day moving average price is $2.09 and its 200-day moving average price is $2.56. 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 company has a market capitalization of $9.16 million, a P/E ratio of -0.36 and a beta of 1.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC purchased a new position in LM Funding America, Inc. (NASDAQ:LMFA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 and Exchange Commission. 22.73% of the stock is currently owned by hedge funds and other institutional investors.

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.