Siebert Financial (NASDAQ:SIEB) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.44 and traded as low as $1.91. Siebert Financial shares last traded at $1.9750, with a volume of 11,497 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Siebert Financial Stock Performance

The stock’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $2.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $80.86 million, a P/E ratio of -14.11 and a beta of 0.91.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.05) earnings per share for the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.The business had revenue of $23.47 million for the quarter.

Institutional Trading of Siebert Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in 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 valued at $49,000 after buying an additional 4,775 shares in the last quarter. Wells Fargo & Company MN boosted its position in Siebert Financial by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after buying an additional 5,198 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Siebert Financial by 111,383.3% in the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after buying an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Siebert Financial in the second quarter valued at approximately $34,000. Finally, Invesco Ltd. acquired a new stake in Siebert Financial in the second quarter valued at approximately $45,000. 1.52% of the stock is currently owned by institutional investors.

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.