Broadway Financial (NASDAQ:BYFC) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Broadway Financial Co. (NASDAQ:BYFC) 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 trading hands.

Analysts Set New Price Targets

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

Broadway Financial Stock Down 3.5 %

The business has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $6.41. 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 has a market cap of $68.34 million, a PE ratio of 25.86 and a beta of 0.72.

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 for the quarter. The firm 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.12% of the company’s stock.

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.