Carver Bancorp (NASDAQ:CARV) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Carver Bancorp stock opened at $1.71 on Friday. The company’s 50 day simple moving average is $1.79 and its 200-day simple moving average is $1.78. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39. The company has a market capitalization of $8.76 million, a price-to-earnings ratio of -2.06 and a beta of 1.11.

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.