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

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price 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 traded.

Analyst Upgrades and Downgrades

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

LM Funding America Stock Performance

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 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.75. The stock has a market capitalization of $9.39 million, a P/E ratio of -0.37 and a beta of 1.42.

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.