Broadway Financial (NASDAQ:BYFC) Stock Passes Below 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Broadway Financial Corporation (NASDAQ:BYFC – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.05 and traded as low as $5.60. Broadway Financial shares last traded at $5.75, with a volume of 6,982 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Broadway Financial in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Report on Broadway Financial

Broadway Financial Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.03 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average is $6.42 and its 200 day moving average is $7.05. The company has a market cap of $52.88 million, a PE ratio of -44.23 and a beta of 0.72.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. boosted its position in Broadway Financial Corporation (NASDAQ:BYFC – Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,207 shares of the savings and loans company’s stock after purchasing an additional 17,757 shares during the quarter. Broadway Financial comprises approximately 0.5% of M3F Inc.’s investment portfolio, making the stock its 27th largest position. M3F Inc. owned about 2.93% of Broadway Financial worth $1,916,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by institutional investors and hedge funds.

About Broadway Financial

(Get Free Report)

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.

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