Carver Bancorp (NASDAQ:CARV) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.85 and traded as low as $1.53. Carver Bancorp shares last traded at $1.77, with a volume of 876 shares.

Carver Bancorp Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30. The stock has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $1.85. The stock has a market cap of $10.90 million, a price-to-earnings ratio of -0.71 and a beta of 1.55.

Institutional Trading of Carver Bancorp

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) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. Hedge funds and other 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.