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

Carver Bancorp, Inc. (NASDAQ:CARV) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Carver Bancorp Price Performance

The company 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 fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC purchased a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.41% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by hedge funds and other 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.