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

Broadway Financial Co. (NASDAQ:BYFC)’s stock price 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 Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Broadway Financial in a research report on Saturday. They set a “sell” rating on the stock.

Broadway Financial Price Performance

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

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

Hedge Funds Weigh In On 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% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 12.12% of the company’s stock.

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.