Broadway Financial Co. (NASDAQ:BYFC - Get Free Report)'s stock price passed 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 traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Broadway Financial in a research note on Thursday. They issued a "sell" rating on the stock.
Check Out Our Latest Report on BYFC
Broadway Financial Stock Performance
The stock has a 50-day moving average price of $6.96 and a 200 day moving average price of $6.33. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $62.23 million, a price-to-earnings ratio of 23.55 and a beta of 0.72.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The firm had revenue of $8.75 million for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.
Institutional Trading of Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the savings and loans company's stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.
Broadway Financial Company Profile
(
Get Free Report)
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.
Further Reading
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