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

LM Funding America, Inc. (NASDAQ:LMFA) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

LM Funding America Stock Performance

The stock’s fifty day moving average is $2.09 and its two-hundred day moving average is $2.56. The firm has a market capitalization of $9.16 million, a price-to-earnings ratio of -0.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.65 and a current ratio of 3.65.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC acquired a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,604 shares of the financial services provider’s stock, valued at approximately $31,000. Two Sigma Securities LLC owned approximately 0.28% of LM Funding America at the end of the most recent reporting period. Institutional investors and hedge funds own 22.73% of the company’s stock.

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.