Broadway Financial (NASDAQ:BYFC) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Price technicals: Broadway Financial's shares crossed above their 200-day moving average of $7.26, trading as high as $7.89 and last at $7.8450, though the stock remains below its 50-day MA of $8.12.
• Analyst sentiment: Coverage is negative—Weiss Ratings reissued a "sell (d)" and MarketBeat's consensus rating for BYFC is Sell.
• Fundamentals and ownership: The company is small with a market cap of $72.02M and a negative P/E (-2.65) with debt/equity of 1.23; institutional investors own about 12.12% and Wittenberg Investment Management recently increased its stake.

Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.26 and traded as high as $7.89. Broadway Financial shares last traded at $7.8450, with a volume of 2,198 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Broadway Financial in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial has a consensus rating of "Sell".

Broadway Financial Stock Up 0.3%

The company has a market capitalization of $72.02 million, a price-to-earnings ratio of -2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.03 and a current ratio of 1.11. The business's 50 day moving average is $8.12 and its 200 day moving average is $7.26.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in Broadway Financial Corporation (NASDAQ:BYFC - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,835 shares of the savings and loans company's stock after purchasing an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned about 0.61% of Broadway Financial worth $405,000 at the end of the most recent quarter. 12.12% of the stock is owned by hedge funds and other institutional investors.

Broadway Financial Company Profile

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.

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