LM Funding America’s (LMFA) “Neutral” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their neutral rating on shares of LM Funding America (NASDAQ:LMFA) in a report issued on Friday morning,Benzinga reports.

LM Funding America Price Performance

Shares of LM Funding America stock remained flat at $2.65 during trading hours on Friday. The company’s stock had a trading volume of 365,624 shares, compared to its average volume of 120,661. The business’s 50 day moving average is $2.73 and its 200 day moving average is $3.30. The company has a market capitalization of $7.44 million, a price-to-earnings ratio of -0.54 and a beta of 1.35. LM Funding America has a 1-year low of $1.63 and a 1-year high of $6.11.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($1.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.80). The firm had revenue of $3.01 million for the quarter, compared to the consensus estimate of $3.10 million. LM Funding America had a negative net margin of 96.23% and a negative return on equity of 34.31%. On average, sell-side analysts expect that LM Funding America will post -4.45 EPS for the current year.

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.