Siebert Financial (NASDAQ:SIEB) Shares Cross Above 50 Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.05 and traded as high as $3.90. Siebert Financial shares last traded at $3.87, with a volume of 44,239 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Siebert Financial Stock Performance

The firm’s 50-day simple moving average is $3.05 and its two-hundred day simple moving average is $3.51. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $156.46 million, a PE ratio of 21.50 and a beta of 0.75.

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

Hedge Funds Weigh In On Siebert Financial

Hedge funds have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Siebert Financial in the second quarter worth about $50,000. Dimensional Fund Advisors LP increased its holdings in shares of Siebert Financial by 91.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 58,709 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 28,013 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Siebert Financial by 175.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 11,759 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Siebert Financial in the 2nd quarter worth approximately $110,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Siebert Financial during the second quarter worth approximately $97,000. Institutional investors and hedge funds own 1.52% of the company’s stock.

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.