Siebert Financial (NASDAQ:SIEB) Stock Passes Below 200 Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.58 and traded as low as $2.91. Siebert Financial shares last traded at $2.97, with a volume of 10,887 shares traded.

Analyst Ratings Changes

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

Siebert Financial Price Performance

The firm has a market cap of $120.08 million, a P/E ratio of 16.50 and a beta of 0.75. The business’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $3.58. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.04 earnings per share for the quarter. The company had revenue of $26.85 million during the quarter. Siebert Financial had a return on equity of 8.08% and a net margin of 8.05%.

Hedge Funds Weigh In On Siebert Financial

A number of large investors have recently modified their holdings of SIEB. JPMorgan Chase & Co. grew its stake in Siebert Financial by 111,383.3% during the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Siebert Financial in the 2nd quarter valued at $34,000. Invesco Ltd. purchased a new position in shares of Siebert Financial during the 2nd quarter valued at $45,000. Los Angeles Capital Management LLC bought a new position in shares of Siebert Financial in the second quarter worth $48,000. Finally, Jane Street Group LLC increased its holdings in shares of Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 4,775 shares during the period. 1.52% of the stock is currently owned by institutional investors.

About Siebert Financial

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.