Broadway Financial Corp (NASDAQ:BYFC) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 11,300 shares, a decline of 51.3% from the August 30th total of 23,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is presently 1.0 days.
BYFC remained flat at $$1.66 during trading on Friday. 2,476 shares of the company’s stock traded hands, compared to its average volume of 5,491. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $42.08 million, a price-to-earnings ratio of 50.33 and a beta of 1.31. The business has a fifty day moving average of $1.66 and a 200-day moving average of $1.55. Broadway Financial has a 12 month low of $0.95 and a 12 month high of $2.03.
Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Wednesday, August 7th. The savings and loans company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $2.60 million during the quarter. Broadway Financial had a net margin of 6.72% and a return on equity of 1.98%.
Separately, ValuEngine cut shares of Broadway Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday.
About Broadway Financial
Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.
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