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

Broadway Financial Co. (NASDAQ:BYFC)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.45 and traded as high as $7.99. Broadway Financial shares last traded at $7.54, with a volume of 1,949 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Broadway Financial in a research note on Tuesday. They issued a “sell” rating for the company.

Broadway Financial Trading Down 1.8 %

The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The stock has a market cap of $68.64 million, a P/E ratio of 188.42 and a beta of 0.73. The company has a 50-day simple moving average of $7.45 and a 200-day simple moving average of $6.86.

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

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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.