StockNews.com Initiates Coverage on Carver Bancorp (NASDAQ:CARV)

Equities research analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

Shares of NASDAQ CARV opened at $1.67 on Monday. The firm has a 50-day moving average of $1.77 and a 200 day moving average of $1.78. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39. The stock has a market cap of $8.53 million, a P/E ratio of -2.03 and a beta of 1.11. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.03 and a quick ratio of 1.03.

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.