Siebert Financial (NASDAQ:SIEB) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Siebert Financial Corp. (NASDAQ:SIEB) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.82 and traded as high as $1.8750. Siebert Financial shares last traded at $1.82, with a volume of 25,811 shares traded.

Analyst Upgrades and Downgrades

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

Siebert Financial Trading Down 2.2%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average of $1.82 and a 200 day moving average of $2.47. The firm has a market capitalization of $73.69 million, a price-to-earnings ratio of -12.86 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) EPS for the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.The company had revenue of $23.47 million for the quarter.

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake 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 buying an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Siebert Financial during the 2nd quarter worth $34,000. Invesco Ltd. acquired a new stake in Siebert Financial during the 2nd quarter worth $45,000. Jane Street Group LLC raised its stake in Siebert Financial by 40.9% during the 1st 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 during the period. Finally, Wells Fargo & Company MN raised its stake in Siebert Financial by 48.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock worth $56,000 after buying an additional 5,198 shares during the period. 1.52% of the stock is owned by institutional investors and hedge funds.

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.