Carver Bancorp (NASDAQ:CARV) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.54 and traded as low as $1.32. Carver Bancorp shares last traded at $1.32, with a volume of 5,143 shares changing hands.

Carver Bancorp Price Performance

The company has a 50-day moving average of $1.54 and a two-hundred day moving average of $1.54. The stock has a market capitalization of $8.21 million, a PE ratio of -0.53 and a beta of 1.53. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.01 and a quick ratio of 1.01.

Institutional Investors Weigh In On Carver Bancorp

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

About Carver Bancorp

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.