LM Funding America (NASDAQ:LMFA) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

LM Funding America, Inc. (NASDAQ:LMFA)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.46 and traded as low as $1.16. LM Funding America shares last traded at $1.19, with a volume of 29,425 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “neutral” rating on shares of LM Funding America in a report on Wednesday, April 2nd.

LM Funding America Price Performance

The company’s fifty day moving average is $1.46 and its two-hundred day moving average is $2.17. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $6.11 million, a price-to-earnings ratio of -0.24 and a beta of 1.47.

Institutional Investors Weigh In On LM Funding America

An institutional investor recently bought a new position in LM Funding America stock. Two Sigma Securities LLC bought a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 quarter. 22.73% of the stock is currently owned by institutional investors.

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.