Broadway Financial (NASDAQ:BYFC) shares drop below the 200-day moving average of $1.42


Broadway Financial Co. (NASDAQ: BYFCGet a rating) the stock price fell below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $1.42 and is trading as low as $1.07. Broadway Financial shares last traded at $1.08, with volume at 50,699 shares.

Changes to analyst ratings

Several equity research analysts have recently released reports on the stock. StockNews.com downgraded shares of Broadway Financial from a “hold” rating to a “sell” rating in a Wednesday, Aug. 10 research note. TheStreet downgraded shares of Broadway Financial from a “c-” rating to a “d+” rating in a Monday, July 18, research memo.

Broadway Financial Awards Performance

The company’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.42. The stock has a market capitalization of $79.38 million, a PE ratio of 54.03 and a beta of 1.02. The company has a debt ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.31.

Broadway Financial (NASDAQ: BYFCGet a rating) last released its quarterly earnings data on Monday, August 8. The savings and loan company reported earnings per share (EPS) of $0.03 for the quarter. Broadway Financial had a net margin of 4.83% and a return on equity of 1.13%. The company had revenue of $8.30 million in the quarter.

Broadway Financial Institutional Trading

Several hedge funds have recently increased or reduced their holdings in BYFC. Philadelphia Financial Management of San Francisco LLC increased its stake in shares of Broadway Financial by 21.3% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 2,264,083 shares of the savings and loan company valued at $5,230,000 after acquiring 397,787 additional shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Broadway Financial by 60.8% during the first quarter. Vanguard Group Inc. now owns 1,882,843 shares of the savings and loan company valued at $2,994,000 after acquiring 711,808 additional shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Broadway Financial by 43.6% during the first quarter. Renaissance Technologies LLC now owns 255,137 shares of the savings and loan company valued at $406,000 after acquiring an additional 77,437 shares in the last quarter. US Bancorp DE increased its stake in shares of Broadway Financial by 22.5% in the first quarter. US Bancorp DE now owns 168,914 shares of the savings and loan company valued at $269,000 after acquiring 31,051 additional shares in the last quarter. Finally, Millennium Management LLC purchased a new stock position in Broadway Financial during the second quarter worth approximately $160,000. 16.87% of the shares are held by institutional investors.

Broadway Financial Company Profile

(Get a rating)

Broadway Financial Corporation operates as a holding company for City First Bank, National Association which provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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