Carver Bancorp (NASDAQ:CARV) Stock Passes Above 200-Day Moving Average of $1.70

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.70 and traded as high as $1.99. Carver Bancorp shares last traded at $1.98, with a volume of 9,523 shares traded.

Analyst Upgrades and Downgrades

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

Carver Bancorp Price Performance

The company has a market capitalization of $9.53 million, a PE ratio of -1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average price of $1.81 and a two-hundred day moving average price of $1.71.

Carver Bancorp (NASDAQ:CARV) last posted its earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) EPS for the quarter. The business had revenue of $6.21 million during the quarter. Carver Bancorp had a negative return on equity of 20.02% and a negative net margin of 8.95%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. Calton & Associates Inc. purchased a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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. 18.20% of the stock is owned by institutional investors.

About Carver Bancorp

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.