Carver Bancorp (NASDAQ:CARV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.78 and traded as high as $1.90. Carver Bancorp shares last traded at $1.90, with a volume of 12,180 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Carver Bancorp in a research note on Friday. They set a “sell” rating for the company.

Carver Bancorp Price Performance

The stock’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.78. The company has a market capitalization of $9.56 million, a PE ratio of -2.25 and a beta of 1.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11.

Insider Transactions at Carver Bancorp

In other news, CEO Donald Felix bought 26,946 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $1.67 per share, with a total value of $44,999.82. Following the transaction, the chief executive officer now directly owns 26,946 shares in the company, valued at approximately $44,999.82. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.32% of the company’s stock.

About Carver Bancorp

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.