Broadway Financial (NASDAQ:BYFC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Broadway Financial Co. (NASDAQ:BYFC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.15 and traded as low as $5.71. Broadway Financial shares last traded at $5.97, with a volume of 3,878 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Broadway Financial in a research note on Tuesday. They set a “sell” rating for the company.

Broadway Financial Stock Performance

The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The firm’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $7.15. The stock has a market cap of $54.40 million, a price-to-earnings ratio of 149.29 and a beta of 0.73.

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%.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. boosted its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,450 shares of the savings and loans company’s stock after buying an additional 90,299 shares during the period. Broadway Financial accounts for approximately 0.5% of M3F Inc.’s portfolio, making the stock its 25th biggest holding. M3F Inc. owned about 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent quarter. 12.12% of the stock is 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.