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

Carver Bancorp, Inc. (NASDAQ:CARV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

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

Carver Bancorp Trading Up 4.0 %

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

Insider Buying and Selling at Carver Bancorp

In other news, CEO Donald Felix purchased 26,946 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $1.67 per share, with a total value of $44,999.82. Following the acquisition, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.32% 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.