Siebert Financial (NASDAQ:SIEB) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

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 $3.32 and traded as low as $3.04. Siebert Financial shares last traded at $3.04, with a volume of 13,344 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 has a consensus rating of “Hold”.

Siebert Financial Trading Down 3.2%

The firm has a market cap of $122.91 million, a price-to-earnings ratio of 16.89 and a beta of 0.71. The firm’s 50-day moving average is $3.30 and its 200-day moving average is $3.32. 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 released its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.04 earnings per share for the quarter. Siebert Financial had a net margin of 8.05% and a return on equity of 8.08%. The firm had revenue of $26.85 million for the quarter.

Institutional Inflows and Outflows

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

About Siebert Financial

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.