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Broadway Financial (NASDAQ:BYFC) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Broadway Financial logo with Finance background

Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.50 and traded as high as $7.70. Broadway Financial shares last traded at $7.59, with a volume of 18,725 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Broadway Financial in a research report on Sunday, May 18th. They issued a "sell" rating on the stock.

Check Out Our Latest Stock Analysis on BYFC

Broadway Financial Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.08 and a current ratio of 1.26. The stock's 50-day moving average is $6.57 and its two-hundred day moving average is $6.99. The stock has a market cap of $69.08 million, a PE ratio of -94.69 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The savings and loans company reported ($0.14) EPS for the quarter. The firm had revenue of $8.33 million for the quarter. Broadway Financial had a return on equity of 1.22% and a net margin of 2.59%.

Hedge Funds Weigh In On Broadway Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BYFC. M3F Inc. raised its stake in shares of Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock valued at $1,709,000 after acquiring an additional 90,299 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Broadway Financial by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company's stock valued at $148,000 after purchasing an additional 4,850 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial by 5.4% in the 1st quarter. Wittenberg Investment Management Inc. now owns 53,882 shares of the savings and loans company's stock valued at $386,000 after buying an additional 2,765 shares during the period. Hedge funds and other institutional investors own 12.12% of the company's stock.

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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