Broadway Financial (NASDAQ:BYFC) Shares Pass Below 200-Day Moving Average – Should You Sell?

Broadway Financial Corporation (NASDAQ:BYFC) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.06 and traded as low as $6.02. Broadway Financial shares last traded at $6.08, with a volume of 679 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Broadway Financial presently has an average rating of “Sell”.

Broadway Financial Stock Performance

The stock has a market capitalization of $55.91 million, a P/E ratio of -46.77 and a beta of 0.73. The company has a quick ratio of 0.03, a current ratio of 1.15 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $6.86 and a two-hundred day moving average price of $7.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,882 shares of the savings and loans company’s stock after purchasing an additional 2,765 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.59% of Broadway Financial worth $386,000 at the end of the most recent 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.