Siebert Financial (NASDAQ:SIEB) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.62 and traded as low as $2.99. Siebert Financial shares last traded at $3.10, with a volume of 21,541 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Siebert Financial from a “buy” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Siebert Financial in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Siebert Financial Stock Performance

The firm has a 50-day moving average price of $2.97 and a two-hundred day moving average price of $3.62. The firm has a market capitalization of $125.32 million, a P/E ratio of 12.92 and a beta of 0.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Siebert Financial (NASDAQ:SIEB) last issued its earnings results on Wednesday, November 12th. The financial services provider reported $0.04 EPS for the quarter. The business had revenue of $26.85 million for the quarter. Siebert Financial had a net margin of 11.00% and a return on equity of 10.78%.

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Siebert Financial by 5.6% in the third quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 38,318 shares in the last quarter. Geode Capital Management LLC grew its holdings in Siebert Financial by 81.8% during the second quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after acquiring an additional 180,186 shares during the period. Navellier & Associates Inc. increased its holdings in shares of Siebert Financial by 99.2% during the 3rd quarter. Navellier & Associates Inc. now owns 147,918 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 73,646 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Siebert Financial by 156.2% in the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock valued at $187,000 after buying an additional 39,060 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Siebert Financial in the 3rd quarter worth about $172,000. Institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.