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

Broadway Financial Co. (NASDAQ:BYFC)’s stock price crossed 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 trading hands.

Analyst Ratings Changes

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

Broadway Financial Stock Down 9.7 %

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 company has a 50-day simple moving average of $7.20 and a 200 day simple moving average of $6.54. The company has a market cap of $73.47 million, a P/E ratio of 27.81 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS 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 during the quarter.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd 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 approximately 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. 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.