Broadway Financial (NASDAQ:BYFC) Rating Lowered to Strong Sell at ValuEngine

Broadway Financial (NASDAQ:BYFC) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

Shares of BYFC traded up $0.15 on Thursday, hitting $1.66. 10,822 shares of the stock traded hands, compared to its average volume of 26,856. The company has a market capitalization of $40.97 million, a PE ratio of 48.33 and a beta of 1.31. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.25 and a current ratio of 1.34. The business has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $1.55. Broadway Financial has a one year low of $0.95 and a one year high of $2.03.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Wednesday, August 7th. The savings and loans company reported ($0.01) earnings per share for the quarter. The firm had revenue of $2.60 million for the quarter. Broadway Financial had a net margin of 6.72% and a return on equity of 1.98%.

About Broadway Financial

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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