LM Funding America (NASDAQ:LMFA) Share Price Crosses Above Fifty Day Moving Average of $3.01

Shares of LM Funding America, Inc. (NASDAQ:LMFA) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.01 and traded as high as $3.04. LM Funding America shares last traded at $2.93, with a volume of 98,186 shares trading hands.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “neutral” rating on shares of LM Funding America in a research report on Thursday, August 15th.

LM Funding America Stock Up 0.3 %

The stock has a market cap of $7.30 million, a P/E ratio of -0.71 and a beta of 1.36. The stock has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $3.34.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($1.65) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($0.80). LM Funding America had a negative return on equity of 34.88% and a negative net margin of 69.53%. The firm had revenue of $3.01 million for the quarter, compared to the consensus estimate of $3.10 million. Sell-side analysts anticipate that LM Funding America, Inc. will post -4.45 earnings per share for the current year.

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.