Broadway Financial (NASDAQ:BYFC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Broadway Financial Corporation (NASDAQ:BYFC)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.10 and traded as low as $6.51. Broadway Financial shares last traded at $6.3730, with a volume of 4,286 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Broadway Financial in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial has an average rating of “Sell”.

Broadway Financial Trading Down 4.7%

The stock has a market capitalization of $58.63 million, a P/E ratio of -49.02 and a beta of 0.74. The firm’s 50 day moving average price is $7.36 and its 200 day moving average price is $7.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.15 and a quick ratio of 0.03.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Thursday, July 31st. The savings and loans company reported ($0.02) EPS for the quarter. Broadway Financial had a net margin of 3.18% and a return on equity of 1.46%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. increased its stake in Broadway Financial Corporation (NASDAQ:BYFC) by 28.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,222 shares of the savings and loans company’s stock after buying an additional 77,015 shares during the period. Broadway Financial accounts for 0.7% of M3F Inc.’s portfolio, making the stock its 25th largest position. M3F Inc. owned approximately 3.74% of Broadway Financial worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.