Broadway Financial (NASDAQ:BYFC) Rating Lowered to Strong Sell at ValuEngine

ValuEngine lowered shares of Broadway Financial (NASDAQ:BYFC) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Shares of NASDAQ:BYFC opened at $1.40 on Tuesday. The firm has a 50 day moving average of $1.53 and a 200-day moving average of $1.59. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.33 and a current ratio of 1.36. Broadway Financial has a 12 month low of $1.13 and a 12 month high of $2.03.

A hedge fund recently raised its stake in Broadway Financial stock. Wedbush Securities Inc. increased its stake in shares of Broadway Financial Corp (NASDAQ:BYFC) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,856 shares of the savings and loans company’s stock after purchasing an additional 7,973 shares during the quarter. Wedbush Securities Inc. owned approximately 0.19% of Broadway Financial worth $80,000 at the end of the most recent reporting period. 8.76% of the stock is owned by institutional investors and hedge funds.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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