Broadway Financial (NASDAQ:BYFC) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Broadway Financial Co. (NASDAQ:BYFC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.41 and traded as high as $7.80. Broadway Financial shares last traded at $7.77, with a volume of 4,129 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Broadway Financial in a report on Friday. They set a “sell” rating on the stock.

Broadway Financial Trading Down 3.5 %

The company’s fifty day moving average is $7.04 and its two-hundred day moving average is $6.41. 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 company has a market cap of $68.34 million, a price-to-earnings ratio of 25.86 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The business had revenue of $8.75 million during the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.12% of the stock is currently owned by institutional investors.

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.