Broadway Financial (NASDAQ:BYFC) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.03 and traded as low as $6.06. Broadway Financial shares last traded at $6.13, with a volume of 1,648 shares traded.

Wall Street Analysts Forecast Growth

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

Broadway Financial Stock Down 1.8%

The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The firm's 50-day moving average price is $6.36 and its 200 day moving average price is $7.03. The firm has a market capitalization of $54.90 million, a price-to-earnings ratio of 150.54 and a beta of 0.71.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $8.33 million during 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 number of large investors have recently made changes to their positions in BYFC. Dimensional Fund Advisors LP lifted its holdings 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. Wittenberg Investment Management Inc. grew its holdings in shares of Broadway Financial by 5.4% during the first quarter. Wittenberg Investment Management Inc. now owns 53,882 shares of the savings and loans company's stock worth $386,000 after buying an additional 2,765 shares in the last quarter. Finally, M3F Inc. raised its position 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 buying an additional 90,299 shares during the last quarter. Institutional investors and hedge funds 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.