Broadway Financial (NASDAQ:BYFC) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Broadway Financial Co. (NASDAQ:BYFC) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.45 and traded as high as $7.99. Broadway Financial shares last traded at $7.54, with a volume of 1,949 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Broadway Financial in a research report on Tuesday. They set a “sell” rating on the stock.

Broadway Financial Price Performance

The stock has a market cap of $68.64 million, a P/E ratio of 188.42 and a beta of 0.73. 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’s fifty day simple moving average is $7.45 and its 200-day simple moving average is $6.86.

Broadway Financial (NASDAQ:BYFC) last posted its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. Hedge funds and other institutional investors own 12.12% of the company’s stock.

About Broadway Financial

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.