Carver Bancorp (NASDAQ:CARV) Share Price Passes Above Two Hundred Day Moving Average of $1.69

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.69 and traded as high as $1.70. Carver Bancorp shares last traded at $1.65, with a volume of 19,715 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Carver Bancorp in a report on Thursday. They issued a “sell” rating for the company.

Carver Bancorp Price Performance

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $8.23 million, a PE ratio of -1.65 and a beta of 1.14. The company has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.69.

Institutional Trading of Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Calton & Associates Inc. acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned about 0.45% of Carver Bancorp as of its most recent SEC filing. Institutional investors own 18.20% of the company’s stock.

Carver Bancorp Company Profile

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.