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

Shares of LM Funding America, Inc. (NASDAQ:LMFA) passed 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 changing hands.

Analysts Set New Price Targets

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

LM Funding America Trading Up 5.4 %

The company has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.87. 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 stock 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

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.