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

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.55 and traded as low as $1.34. Carver Bancorp shares last traded at $1.34, with a volume of 947 shares traded.

Carver Bancorp Trading Down 7.6%

The business has a fifty day simple moving average of $1.51 and a 200 day simple moving average of $1.55. The stock has a market cap of $8.33 million, a price-to-earnings ratio of -0.54 and a beta of 1.54. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.01 and a current ratio of 1.01.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Citadel Advisors LLC bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.20% of the stock is currently 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.