Carver Bancorp (NASDAQ:CARV) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Carver Bancorp, Inc. (NASDAQ:CARVGet Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.56 and traded as high as $1.80. Carver Bancorp shares last traded at $1.75, with a volume of 2,270 shares.

Carver Bancorp Stock Performance

The stock has a 50 day simple moving average of $1.53 and a 200 day simple moving average of $1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.30. The stock has a market cap of $9.99 million, a P/E ratio of -0.63 and a beta of 1.46.

Institutional Inflows and Outflows

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

About Carver Bancorp

(Get Free Report)

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.

See Also

Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.