Broadway Financial (NASDAQ:BYFC) Shares Down 8.8%


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Shares of Broadway Financial Co. (NASDAQ:BYFC) dropped 8.8% on Tuesday . The stock traded as low as $2.01 and last traded at $2.18. Approximately 5,125,745 shares traded hands during trading, an increase of 160% from the average daily volume of 1,973,313 shares. The stock had previously closed at $2.39.

The firm has a fifty day moving average of $2.15 and a two-hundred day moving average of $1.83. The company has a current ratio of 1.44, a quick ratio of 1.31 and a debt-to-equity ratio of 2.41.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in Broadway Financial during the 3rd quarter valued at approximately $258,000. Boothbay Fund Management LLC bought a new position in Broadway Financial during the 3rd quarter valued at approximately $103,000. Renaissance Technologies LLC bought a new position in Broadway Financial during the 4th quarter valued at approximately $166,000. Virtu Financial LLC bought a new position in Broadway Financial during the 3rd quarter valued at approximately $129,000. Finally, Quinn Opportunity Partners LLC bought a new position in Broadway Financial during the 3rd quarter valued at approximately $55,000. 4.11% of the stock is owned by institutional investors and hedge funds.

Broadway Financial Company Profile (NASDAQ:BYFC)

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

See Also: Cost of Debt

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