Siebert Financial (NASDAQ:SIEB) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Siebert Financial Corp. (NASDAQ:SIEB) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.83 and traded as high as $2.05. Siebert Financial shares last traded at $1.89, with a volume of 59,940 shares.

Analyst Ratings Changes

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

Siebert Financial Trading Up 1.1%

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $1.83 and its two-hundred day moving average is $2.39. The stock has a market cap of $77.38 million, a price-to-earnings ratio of -13.50 and a beta of 0.91.

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

Institutional Trading of Siebert Financial

Several large investors have recently added to or reduced their stakes in SIEB. Geode Capital Management LLC grew its position in Siebert Financial by 81.8% in the second quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 180,186 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Siebert Financial in the 3rd quarter valued at about $172,000. Bridgeway Capital Management LLC lifted its position in Siebert Financial by 156.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after buying an additional 39,060 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Siebert Financial by 5.6% during the third quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock worth $2,114,000 after acquiring an additional 38,318 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Siebert Financial during the 3rd quarter worth about $92,000. 1.52% of the stock is currently owned by institutional investors and hedge funds.

Siebert Financial Company Profile

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.