LM Funding America (NASDAQ:LMFA) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of LM Funding America, Inc. (NASDAQ:LMFA) 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.

LM Funding America Trading Up 8.5 %

The company has a 50-day moving average of $2.74 and a 200-day moving average of $3.31. The firm has a market capitalization of $7.19 million, a price-to-earnings ratio of -0.57 and a beta of 1.35.

LM Funding America (NASDAQ:LMFA) 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.