Carver Bancorp (NASDAQ:CARV) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.78 and traded as high as $1.90. Carver Bancorp shares last traded at $1.90, with a volume of 12,180 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Friday. They set a “sell” rating for the company.

Carver Bancorp Stock Up 4.0 %

The stock has a market cap of $9.68 million, a P/E ratio of -2.28 and a beta of 1.12. The stock’s 50-day moving average is $1.75 and its 200-day moving average is $1.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11.

Insider Activity

In other news, CEO Donald Felix acquired 26,946 shares of Carver Bancorp stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $1.67 per share, with a total value of $44,999.82. Following the completion of the purchase, the chief executive officer now owns 26,946 shares of the company’s stock, valued at $44,999.82. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.32% of the stock is 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.