Broadway Financial Corp (NASDAQ:BYFC) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 25,800 shares, a decline of 14.0% from the July 31st total of 30,000 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,500 shares, the short-interest ratio is currently 0.4 days.
Separately, ValuEngine downgraded shares of Broadway Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.
Shares of Broadway Financial stock traded down $0.08 during trading hours on Friday, reaching $1.66. The company’s stock had a trading volume of 300 shares, compared to its average volume of 8,174. The firm has a 50 day moving average price of $1.85 and a 200-day moving average price of $1.52. Broadway Financial has a one year low of $0.95 and a one year high of $2.03. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.34 and a quick ratio of 1.25. The stock has a market cap of $48.21 million, a P/E ratio of 57.67 and a beta of 1.27.
Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Wednesday, August 7th. The savings and loans company reported ($0.01) EPS for the quarter. Broadway Financial had a return on equity of 1.98% and a net margin of 6.72%. The firm had revenue of $2.60 million for the quarter.
Broadway Financial Company Profile
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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