Broadway Financial (NASDAQ:BYFC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Broadway Financial Co. (NASDAQ:BYFC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.33 and traded as high as $6.95. Broadway Financial shares last traded at $6.85, with a volume of 3,757 shares trading hands.

Wall Street Analyst Weigh In

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

Broadway Financial Price Performance

The company has a market cap of $65.52 million, a P/E ratio of 24.79 and a beta of 0.72. 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 company has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $6.33.

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

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the third quarter, according to its most recent disclosure 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. 12.12% of the stock is currently owned by 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.