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

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.91 and traded as low as $1.50. Carver Bancorp shares last traded at $1.59, with a volume of 1,345 shares changing hands.

Carver Bancorp Price Performance

The company has a debt-to-equity ratio of 5.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average price of $1.52 and a 200-day moving average price of $1.91. The firm has a market capitalization of $9.27 million, a PE ratio of -0.64 and a beta of 1.55.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. 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.