Investment analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a research note issued on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.
Broadway Financial Price Performance
NASDAQ BYFC opened at $1.05 on Tuesday. The firm has a market capitalization of $77.19 million, a P/E ratio of 11.67 and a beta of 0.74. The company has a current ratio of 1.08, a quick ratio of 0.05 and a debt-to-equity ratio of 1.30. Broadway Financial has a 12-month low of $0.83 and a 12-month high of $1.89. The firm’s fifty day simple moving average is $0.97 and its two-hundred day simple moving average is $1.05.
Institutional Investors Weigh In On Broadway Financial
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Broadway Financial during the first quarter valued at $37,000. Wittenberg Investment Management Inc. acquired a new position in shares of Broadway Financial in the first quarter worth about $63,000. Jane Street Group LLC acquired a new position in shares of Broadway Financial during the 2nd quarter worth about $64,000. Susquehanna International Group LLP acquired a new position in shares of Broadway Financial during the 4th quarter worth about $62,000. Finally, Salzhauer Michael acquired a new position in shares of Broadway Financial during the 1st quarter worth about $79,000. 12.81% of the stock is owned by hedge funds and other institutional investors.
About Broadway Financial
Broadway Financial Corp. is a bank holding company, which engages in attracting deposits from the public through its subsidiary. The company was founded in September 1995 and is headquartered in Los Angeles, CA.
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