LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

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

LM Funding America Trading Down 2.0 %

The stock has a market capitalization of $7.49 million, a PE ratio of -0.30 and a beta of 1.55. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $1.70 and a 200-day moving average price of $2.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LM Funding America stock. Geode Capital Management LLC boosted its position in LM Funding America, Inc. (NASDAQ:LMFA) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,809 shares of the financial services provider’s stock after purchasing an additional 7,978 shares during the period. Geode Capital Management LLC owned about 1.01% of LM Funding America worth $112,000 as of its most recent SEC filing. 22.73% of the stock is 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.