Carver Bancorp (NASDAQ:CARV) Share Price Passes Above Two Hundred Day Moving Average of $1.69

Carver Bancorp, Inc. (NASDAQ:CARV) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.69 and traded as high as $1.70. Carver Bancorp shares last traded at $1.65, with a volume of 19,715 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Carver Bancorp in a research report on Thursday. They set a “sell” rating on the stock.

Carver Bancorp Stock Up 1.9 %

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $8.23 million, a PE ratio of -1.65 and a beta of 1.14. The business has a 50 day moving average of $1.57 and a two-hundred day moving average of $1.69.

Institutional Investors Weigh In On Carver Bancorp

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

Carver Bancorp Company Profile

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.