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

Carver Bancorp, Inc. (NASDAQ:CARV) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.11 and traded as low as $1.4623. Carver Bancorp shares last traded at $1.8888, with a volume of 37,206 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Carver Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Carver Bancorp Stock Performance

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 capitalization of $9.62 million, a price-to-earnings ratio of -0.76 and a beta of 1.56. The firm’s fifty day moving average price is $1.91 and its 200 day moving average price is $2.11.

Carver Bancorp (NASDAQ:CARV) last announced its earnings results on Thursday, November 13th. The savings and loans company reported ($0.46) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 34.89% and a negative return on equity of 171.55%. The firm had revenue of $6.38 million during the quarter.

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 position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 18.20% of the company’s stock.

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.