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

LM Funding America, Inc. (NASDAQ:LMFA) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.40 and traded as low as $1.75. LM Funding America shares last traded at $1.83, with a volume of 50,640 shares changing hands.

Analyst Ratings Changes

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

LM Funding America Price Performance

The stock has a market capitalization of $9.39 million, a price-to-earnings ratio of -0.37 and a beta of 1.42. 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 company has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $2.75.

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.