Broadway Financial (NASDAQ:BYFC) Share Price Crosses Below Two Hundred Day Moving Average of $6.03

Broadway Financial Co. (NASDAQ:BYFC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.03 and traded as low as $4.75. Broadway Financial shares last traded at $4.84, with a volume of 3,608 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Broadway Financial in a report on Thursday. They issued a “sell” rating for the company.

Broadway Financial Price Performance

The stock has a 50-day moving average price of $5.21 and a 200 day moving average price of $6.03. The firm has a market cap of $44.92 million, a price-to-earnings ratio of 10.08 and a beta of 0.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company’s stock.

About Broadway Financial

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.