LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of LM Funding America, Inc. (NASDAQ:LMFA) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.83 and traded as low as $2.20. LM Funding America shares last traded at $2.30, with a volume of 71,909 shares changing hands.

Analyst Ratings Changes

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

LM Funding America Price Performance

The business’s fifty day moving average price is $2.83 and its 200 day moving average price is $3.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.65 and a quick ratio of 3.65. The stock has a market cap of $7.81 million, a P/E ratio of -0.47 and a beta of 1.36.

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.