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

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

LM Funding America Price Performance

The business has a 50-day moving average price of $1.70 and a two-hundred day moving average price of $2.32. 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 company has a market capitalization of $7.49 million, a price-to-earnings ratio of -0.30 and a beta of 1.55.

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 acquired a new stake in LM Funding America, Inc. (NASDAQ:LMFA) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 22.73% of the company’s stock.

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.