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

LM Funding America, Inc. (NASDAQ:LMFAGet Free Report) shares 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 trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Report on LMFA

LM Funding America Stock Performance

The stock’s 50 day moving average price is $2.49 and its two-hundred day moving average price is $2.87. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $11.08 million, a price-to-earnings ratio of -0.44 and a beta of 1.42.

LM Funding America Company Profile

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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.

Further Reading

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