Carver Bancorp (NASDAQ:CARV) Stock Passes Above 200-Day Moving Average – What’s Next?

Carver Bancorp, Inc. (NASDAQ:CARV) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Carver Bancorp in a research note on Saturday. They issued a “sell” rating for the company.

Carver Bancorp Stock Down 2.6 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.11. The stock 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 cap of $9.40 million, a PE ratio of -2.22 and a beta of 1.13.

Insiders Place Their Bets

In other Carver Bancorp news, CEO Donald Felix purchased 26,946 shares of the stock in a transaction on Monday, November 25th. The stock was acquired 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 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 acquisition 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.