Broadway Financial (NASDAQ:BYFC) Stock Price Passes Below Two Hundred Day Moving Average of $6.57

Shares of Broadway Financial Co. (NASDAQ:BYFC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.57 and traded as low as $5.61. Broadway Financial shares last traded at $5.99, with a volume of 5,426 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Broadway Financial in a report on Thursday. They issued a “sell” rating on the stock.

Broadway Financial Stock Performance

The firm’s fifty day moving average price is $6.00 and its 200 day moving average price is $6.57. The company has a current ratio of 1.13, a quick ratio of 0.02 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $55.59 million, a price-to-earnings ratio of 12.48 and a beta of 0.60.

Hedge Funds Weigh In On Broadway Financial

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Broadway Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,471,931 shares of the savings and loans company’s stock worth $2,422,000 after acquiring an additional 8,261 shares during the last quarter. Renaissance Technologies LLC increased its stake in Broadway Financial by 31.3% during the 3rd quarter. Renaissance Technologies LLC now owns 311,110 shares of the savings and loans company’s stock worth $352,000 after buying an additional 74,096 shares during the period. Wittenberg Investment Management Inc. increased its stake in Broadway Financial by 10.5% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 172,011 shares of the savings and loans company’s stock worth $169,000 after buying an additional 16,328 shares during the period. US Bancorp DE increased its stake in Broadway Financial by 22.5% during the 1st quarter. US Bancorp DE now owns 168,914 shares of the savings and loans company’s stock worth $269,000 after buying an additional 31,051 shares during the period. Finally, Millennium Management LLC purchased a new stake in Broadway Financial during the 2nd quarter worth approximately $160,000. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.