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

Broadway Financial Corporation (NASDAQ:BYFC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.03 and traded as low as $6.00. Broadway Financial shares last traded at $6.0450, with a volume of 23,150 shares changing hands.

Analyst Ratings Changes

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

Broadway Financial Price Performance

The company has a quick ratio of 0.03, a current ratio of 1.15 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $6.27 and its two-hundred day moving average price is $7.03. The stock has a market cap of $55.61 million, a price-to-earnings ratio of -46.50 and a beta of 0.72.

Institutional Trading of 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 Corporation (NASDAQ:BYFC) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,835 shares of the savings and loans company’s stock after acquiring an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.61% of Broadway Financial worth $405,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.

About Broadway Financial

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.