Shares of LM Funding America, Inc. (NASDAQ:LMFA – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.74 and traded as low as $2.38. LM Funding America shares last traded at $2.56, with a volume of 49,028 shares changing hands.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a “neutral” rating on shares of LM Funding America in a research report on Thursday, August 15th.
View Our Latest Report on LMFA
LM Funding America Trading Up 8.5 %
LM Funding America (NASDAQ:LMFA – Get Free Report) last issued its earnings results on Wednesday, August 14th. The financial services provider reported ($1.65) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($0.80). LM Funding America had a negative return on equity of 34.88% and a negative net margin of 69.53%. The company had revenue of $3.01 million during the quarter, compared to analyst estimates of $3.10 million. On average, research analysts forecast that LM Funding America, Inc. will post -4.45 earnings per share for the current year.
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.
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