Carver Bancorp (NASDAQ:CARV) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.59 and traded as low as $1.50. Carver Bancorp shares last traded at $1.54, with a volume of 39,922 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Carver Bancorp in a report on Tuesday, May 20th. They set a “sell” rating on the stock.

Carver Bancorp Stock Performance

The firm’s fifty day moving average price is $1.44 and its 200-day moving average price is $1.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. The company has a market cap of $7.87 million, a P/E ratio of -0.80 and a beta of 1.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Company Profile

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.