StockNews.com Begins Coverage on Carver Bancorp (NASDAQ:CARV)

StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Thursday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of CARV stock opened at $1.75 on Thursday. The company has a market capitalization of $8.73 million, a price-to-earnings ratio of -1.75 and a beta of 1.09. Carver Bancorp has a one year low of $1.15 and a one year high of $2.39. The company’s fifty day moving average price is $1.86 and its 200-day moving average price is $1.76. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.05 and a quick ratio of 1.05.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings data on Wednesday, August 14th. The savings and loans company reported ($0.43) EPS for the quarter. The firm had revenue of $6.21 million for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%.

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.