Broadway Financial (NASDAQ:BYFC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Broadway Financial Co. (NASDAQ:BYFC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.41 and traded as high as $7.80. Broadway Financial shares last traded at $7.77, with a volume of 4,129 shares changing hands.

Analyst Upgrades and Downgrades

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

Broadway Financial Stock Up 6.0 %

The firm has a market capitalization of $70.80 million, a price-to-earnings ratio of 26.79 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The business’s 50-day moving average is $7.02 and its two-hundred day moving average is $6.41.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (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 for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 at the end of the most recent quarter. 12.12% of the stock is 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.