LM Funding America (NASDAQ:LMFA) Shares Pass Below 50-Day Moving Average – Here’s What Happened

LM Funding America, Inc. (NASDAQ:LMFA)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.49 and traded as low as $2.08. LM Funding America shares last traded at $2.16, with a volume of 138,424 shares changing hands.

Wall Street Analysts Forecast Growth

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 company has a debt-to-equity ratio of 0.17, a quick ratio of 3.65 and a current ratio of 3.65. The stock’s 50 day simple moving average is $2.49 and its two-hundred day simple moving average is $2.86. The firm has a market capitalization of $11.09 million, a PE ratio of -0.44 and a beta of 1.42.

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.