Broadway Financial (NASDAQ:BYFC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Broadway Financial Co. (NASDAQ:BYFC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Broadway Financial Trading Down 9.7 %

The business has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $6.54. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The company has a market cap of $73.47 million, a PE ratio of 27.81 and a beta of 0.72.

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. 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.