Carver Bancorp (NASDAQ:CARV) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.54 and traded as low as $1.32. Carver Bancorp shares last traded at $1.32, with a volume of 5,143 shares trading hands.

Carver Bancorp Trading Down 5.7%

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 market cap of $8.21 million, a price-to-earnings ratio of -0.53 and a beta of 1.53. The business’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. Citadel Advisors LLC acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 at the end of the most recent reporting period. 18.20% of the stock is currently owned by institutional investors.

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.