LM Funding America (NASDAQ:LMFA) Shares Cross Below 50 Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.73 and traded as low as $1.56. LM Funding America shares last traded at $1.60, with a volume of 7,713 shares.

LM Funding America Price Performance

The firm has a market cap of $8.21 million, a P/E ratio of -0.33 and a beta of 1.55. 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 business’s 50 day moving average is $1.73 and its two-hundred day moving average is $2.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC bought a new position in LM Funding America, Inc. (NASDAQ:LMFA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,604 shares of the financial services provider’s stock, valued at approximately $31,000. Two Sigma Securities LLC owned approximately 0.28% of LM Funding America as of its most recent filing with the Securities and Exchange Commission (SEC). 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.