Carver Bancorp (NASDAQ:CARV) Shares Pass Below 200-Day Moving Average – What’s Next?

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.54 and traded as low as $1.34. Carver Bancorp shares last traded at $1.45, with a volume of 3,994 shares trading hands.

Carver Bancorp Stock Down 5.8%

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.30. The firm has a market cap of $9.02 million, a price-to-earnings ratio of -0.58 and a beta of 1.53. The firm has a 50-day moving average of $1.58 and a two-hundred day moving average of $1.54.

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) in the third quarter, according to its most recent Form 13F filing with the Securities and 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 0.41% of Carver Bancorp at the end of the most recent reporting period. Institutional investors own 18.20% of the company’s stock.

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.