Broadway Financial (NASDAQ:BYFC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Broadway Financial Co. (NASDAQ:BYFC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.54 and traded as high as $9.07. Broadway Financial shares last traded at $8.07, with a volume of 9,767 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Broadway Financial in a report on Saturday. They issued a “sell” rating on the stock.

Broadway Financial Trading Down 9.7 %

The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The business’s 50-day moving average is $7.20 and its 200 day moving average is $6.54. The firm has a market capitalization of $73.47 million, a P/E ratio of 27.81 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The business had revenue of $8.75 million for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.