LM Funding America (NASDAQ:LMFA) Stock Passes Below 50-Day Moving Average of $3.22

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 $3.22 and traded as low as $2.37. LM Funding America shares last traded at $2.55, with a volume of 62,556 shares trading hands.

Wall Street Analysts Forecast Growth

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

LM Funding America Stock Performance

The stock has a market capitalization of $6.21 million, a P/E ratio of -0.60 and a beta of 1.36. The company’s 50-day moving average price is $3.18 and its 200 day moving average price is $3.35.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($1.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.80). LM Funding America had a negative net margin of 69.53% and a negative return on equity of 34.88%. The company had revenue of $3.01 million during the quarter, compared to the consensus estimate of $3.10 million. Analysts predict 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.