Carver Bancorp (NASDAQ:CARV) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price 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.

Analysts Set New Price Targets

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

Carver Bancorp Trading Down 2.6 %

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $9.40 million, a P/E ratio of -2.22 and a beta of 1.13. The firm’s 50 day moving average price is $1.78 and its 200 day moving average price is $1.78.

Insiders Place Their Bets

In related news, CEO Donald Felix acquired 26,946 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $1.67 per share, for a total transaction of $44,999.82. Following the acquisition, the chief executive officer now owns 26,946 shares of the company’s stock, valued at $44,999.82. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.32% of the company’s stock.

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.