LM Funding America (NASDAQ:LMFA) Shares Down 4%

Shares of LM Funding America, Inc. (NASDAQ:LMFA) dropped 4% on Tuesday . The company traded as low as $4.36 and last traded at $4.37. Approximately 10,474 shares were traded during trading, a decline of 93% from the average daily volume of 140,879 shares. The stock had previously closed at $4.55.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of LM Funding America in a research note on Tuesday, June 11th.

LM Funding America Stock Down 4.0 %

The stock has a market capitalization of $10.89 million, a PE ratio of -1.06 and a beta of 1.31. The firm has a 50 day moving average price of $3.62 and a 200 day moving average price of $3.33.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Thursday, May 16th. The financial services provider reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.27). The company had revenue of $4.75 million during the quarter, compared to analysts’ expectations of $4.80 million. LM Funding America had a negative return on equity of 24.61% and a negative net margin of 58.81%. On average, equities analysts forecast that LM Funding America, Inc. will post -3.3 earnings per share for the current fiscal year.

About LM Funding America

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.