LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

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 $1.83 and traded as low as $1.26. LM Funding America shares last traded at $1.26, with a volume of 7,730 shares.

Wall Street Analysts Forecast Growth

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

LM Funding America Stock Performance

The stock has a market capitalization of $6.88 million, a PE ratio of -0.27 and a beta of 1.55. The business has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.65 and a quick ratio of 3.65.

Institutional Investors Weigh In On LM Funding America

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC acquired a new stake in shares of LM Funding America, Inc. (NASDAQ:LMFA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,604 shares of the financial services provider’s stock, valued at approximately $31,000. Two Sigma Securities LLC owned about 0.28% of LM Funding America at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.73% of the company’s stock.

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.