Broadway Financial (NASDAQ:BYFC) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.12 and traded as low as $6.25. Broadway Financial shares last traded at $6.27, with a volume of 1,096 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Broadway Financial in a research report on Wednesday. They issued a "sell" rating on the stock.

Broadway Financial Stock Performance

The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market cap of $62.24 million, a P/E ratio of 170.67 and a beta of 0.73. The firm's 50-day moving average is $7.05 and its two-hundred day moving average is $7.13.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. grew its holdings in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 249,450 shares of the savings and loans company's stock after purchasing an additional 90,299 shares during the quarter. Broadway Financial comprises 0.5% of M3F Inc.'s portfolio, making the stock its 25th biggest holding. M3F Inc. owned approximately 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent quarter. 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.