Broadway Financial (NASDAQ:BYFC) Shares Cross Above 200-Day Moving Average – Time to Sell?

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

Wall Street Analyst Weigh In

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

Broadway Financial Trading Down 9.7 %

The company has a market capitalization of $73.47 million, a PE ratio of 27.81 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’s fifty day moving average is $7.20 and its 200-day moving average is $6.54.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The company 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. grew its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 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 and hedge funds.

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.