Broadway Financial (NASDAQ:BYFC) Shares Cross Below 50 Day Moving Average of $1.85

Broadway Financial Corp (NASDAQ:BYFC)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.85 and traded as low as $1.66. Broadway Financial shares last traded at $1.66, with a volume of 2,495 shares traded.

Separately, ValuEngine downgraded Broadway Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

The stock has a market capitalization of $46.26 million, a price-to-earnings ratio of 59.33 and a beta of 1.27. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.63. The stock has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.52.

Broadway Financial (NASDAQ:BYFC) last issued its earnings results on Wednesday, August 7th. The savings and loans company reported ($0.01) earnings per share for the quarter. The business 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%.

Broadway Financial Company Profile (NASDAQ:BYFC)

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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