Carver Bancorp (NASDAQ:CARV) Stock Crosses Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

Carver Bancorp, Inc. (NASDAQ:CARV – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.61 and traded as high as $1.89. Carver Bancorp shares last traded at $1.89, with a volume of 769 shares.

Carver Bancorp Stock Performance

The business has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.61. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $11.94 million, a PE ratio of -0.76 and a beta of 1.42.

About Carver Bancorp

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Carver Bancorp, Inc is the holding company for Carver Federal Savings Bank, a community-focused banking institution headquartered in New York City. Founded in 1948, Carver was established to serve African American and Caribbean American communities that were historically underserved by traditional financial institutions.

Carver Federal Savings Bank provides a range of banking products and services for individuals, families, small businesses, and nonprofit organizations. Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, small-business financing, online banking, and other personal and business banking services.

The bank primarily serves customers in New York City, with a focus on neighborhoods in Brooklyn, Manhattan, and Queens.

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