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

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.54 and traded as low as $1.34. Carver Bancorp shares last traded at $1.45, with a volume of 3,994 shares trading hands.

Carver Bancorp Price Performance

The stock’s fifty day moving average is $1.57 and its two-hundred day moving average is $1.54. 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 firm has a market cap of $9.21 million, a P/E ratio of -0.59 and a beta of 1.53.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 at the end of the most recent quarter. 18.20% of the stock is 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.