LM Funding America (NASDAQ:PWCM) Stock Crosses Below Fifty Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:PWCM)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.80 and traded as low as $1.04. LM Funding America shares last traded at $1.08, with a volume of 143,073 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PWCM shares. Wall Street Zen downgraded LM Funding America to a “strong sell” rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

LM Funding America Price Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.24 million, a PE ratio of -0.02 and a beta of 2.34. The company’s fifty day moving average is $2.69 and its 200 day moving average is $5.42.

LM Funding America (NASDAQ:PWCM) last released its quarterly earnings results on Friday, August 14th. The financial services provider reported ($5.26) EPS for the quarter, missing the consensus estimate of ($3.50) by ($1.76). LM Funding America had a negative return on equity of 132.69% and a negative net margin of 413.92%.The company had revenue of $2.12 million for the quarter, compared to analyst estimates of $2.30 million.

Institutional Investors Weigh In On LM Funding America

Several large investors have recently added to or reduced their stakes in the stock. Armistice Capital LLC raised its position in shares of LM Funding America by 28.4% during the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 87,905 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of LM Funding America during the 3rd quarter valued at $139,000. Two Sigma Investments LP acquired a new position in shares of LM Funding America during the 3rd quarter valued at $100,000. Jane Street Group LLC bought a new stake in shares of LM Funding America in the 2nd quarter worth $70,000. Finally, XTX Topco Ltd bought a new stake in shares of LM Funding America in the 2nd quarter worth $54,000. 22.73% of the stock is owned by institutional investors and hedge funds.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.