Carver Bancorp (NASDAQ:CARV) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Carver Bancorp, Inc. (NASDAQ:CARV) shares 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 Trading Down 5.8%

The firm has a market cap of $9.02 million, a P/E ratio of -0.58 and a beta of 1.53. The company’s 50 day moving average is $1.58 and its two-hundred day moving average is $1.54. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.01 and a quick ratio of 1.01.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC acquired a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 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. Institutional investors and hedge funds 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.