Carver Bancorp (NASDAQ:CARV) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.55 and traded as low as $1.34. Carver Bancorp shares last traded at $1.34, with a volume of 947 shares changing hands.

Carver Bancorp Price Performance

The company has a market capitalization of $9.77 million, a P/E ratio of -0.63 and a beta of 1.54. The business’s 50-day moving average is $1.50 and its two-hundred day moving average is $1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.41% of Carver Bancorp as of its most recent SEC filing. 18.20% of the stock is currently owned by institutional investors.

Carver Bancorp Company Profile

Carver Bancorp, Inc is the bank holding company for Carver Federal Savings Bank, a New York–based financial institution dedicated to serving minority and underserved communities. As the largest African American–led FDIC-insured banking organization in the United States, Carver Bancorp operates a branch network throughout the New York metropolitan area, including locations in the Bronx, Brooklyn, Manhattan, Queens, Staten Island and Westchester County.

The company offers a comprehensive range of banking products and services tailored to both consumer and commercial customers.