Carver Bancorp (NASDAQ:CARV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.78 and traded as high as $1.89. Carver Bancorp shares last traded at $1.84, with a volume of 3,663 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Carver Bancorp in a research report on Saturday. They issued a “sell” rating on the stock.

Carver Bancorp Stock Down 2.6 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11. The company has a 50 day simple moving average of $1.78 and a two-hundred day simple moving average of $1.78. The firm has a market capitalization of $9.40 million, a P/E ratio of -2.22 and a beta of 1.13.

Insider Buying and Selling at Carver Bancorp

In other news, CEO Donald Felix acquired 26,946 shares of Carver Bancorp stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $1.67 per share, with a total value of $44,999.82. Following the purchase, the chief executive officer now directly owns 26,946 shares in the company, valued at $44,999.82. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is currently owned by insiders.

About Carver Bancorp

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.