LM Funding America (LMFA) Trading Down 15.2%

LM Funding America Inc (NASDAQ:LMFA)’s share price traded down 15.2% during trading on Thursday . The stock traded as low as $1.26 and last traded at $1.51. 560,322 shares were traded during mid-day trading, an increase of 453% from the average session volume of 101,253 shares. The stock had previously closed at $1.78.

The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.70 and a current ratio of 4.70.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Tuesday, August 14th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $0.88 million for the quarter. LM Funding America had a negative net margin of 164.66% and a negative return on equity of 1,791.80%.

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LM Funding America Company Profile (NASDAQ:LMFA)

LM Funding America, Inc, through its subsidiary, LM Funding, LLC, 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.

Further Reading: How can you know how many shares are floating?

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