LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.29 and traded as low as $0.2156. LM Funding America shares last traded at $0.2211, with a volume of 578,798 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LM Funding America currently has an average rating of “Hold” and a consensus price target of $5.00.

LM Funding America Stock Down 6.2%

The firm has a market capitalization of $3.59 million, a price-to-earnings ratio of -0.08 and a beta of 2.33. The stock has a 50 day moving average of $0.29 and a 200 day moving average of $0.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings results on Friday, March 27th. The financial services provider reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.98). The firm had revenue of $2.37 million during the quarter, compared to analyst estimates of $2.80 million. LM Funding America had a negative return on equity of 80.72% and a negative net margin of 304.39%.

Institutional Investors Weigh In On LM Funding America

A number of institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in LM Funding America in the second quarter worth approximately $54,000. Jane Street Group LLC bought a new position in shares of LM Funding America in the second quarter valued at $70,000. GSA Capital Partners LLP bought a new position in shares of LM Funding America in the third quarter valued at $70,000. Two Sigma Investments LP bought a new position in shares of LM Funding America in the third quarter valued at $100,000. Finally, Armistice Capital LLC increased its holdings in shares of LM Funding America by 28.4% in the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 87,905 shares in the last quarter. 22.73% of the stock is currently owned by institutional investors and hedge funds.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.