LM Funding America (NASDAQ:LMFA) Shares Pass Below 50-Day Moving Average of $0.68

LM Funding America, Inc. (NASDAQ:LMFA) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.68 and traded as low as $0.57. LM Funding America shares last traded at $0.58, with a volume of 108,344 shares traded.

LM Funding America Price Performance

The company has a market capitalization of $7.54 million, a P/E ratio of -0.21 and a beta of 1.32. The business’s 50-day moving average price is $0.68 and its two-hundred day moving average price is $0.77.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Monday, August 14th. The financial services provider reported ($0.07) EPS for the quarter. The firm had revenue of $3.20 million during the quarter. LM Funding America had a negative net margin of 532.22% and a negative return on equity of 52.32%.

Institutional Trading of LM Funding America

An institutional investor recently raised its position in LM Funding America stock. Renaissance Technologies LLC grew its holdings in shares of LM Funding America, Inc. (NASDAQ:LMFA) by 995.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 153,395 shares of the financial services provider’s stock after acquiring an additional 139,392 shares during the period. Renaissance Technologies LLC owned about 1.17% of LM Funding America worth $125,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.02% of the company’s stock.

LM Funding America Company Profile

LM Funding America, Inc operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.