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

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

Wall Street Analysts Forecast Growth

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

LM Funding America Stock Up 3.9 %

The company has a market capitalization of $8.12 million, a P/E ratio of -0.49 and a beta of 1.36. The company has a 50-day moving average of $2.80 and a two-hundred day moving average of $3.22. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.17.

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.