Siebert Financial (NASDAQ:SIEB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Siebert Financial Corp. (NASDAQ:SIEB)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.68 and traded as low as $2.63. Siebert Financial shares last traded at $2.83, with a volume of 5,955 shares.

Analysts Set New Price Targets

SIEB has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Siebert Financial from a “buy” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Siebert Financial in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Siebert Financial presently has an average rating of “Hold”.

Siebert Financial Trading Up 4.0%

The company has a market cap of $114.41 million, a price-to-earnings ratio of 11.79 and a beta of 0.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $2.94 and its 200-day moving average price is $3.68.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings results on Tuesday, August 12th. The financial services provider reported ($0.12) EPS for the quarter. The company had revenue of $14.87 million during the quarter. Siebert Financial had a net margin of 11.00% and a return on equity of 10.78%.

Hedge Funds Weigh In On Siebert Financial

Large investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings 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 purchasing an additional 4,775 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Siebert Financial in the 2nd quarter valued at $50,000. Los Angeles Capital Management LLC bought a new position in Siebert Financial during the 2nd quarter worth $48,000. Geode Capital Management LLC lifted its holdings in shares of Siebert Financial by 81.8% during 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 6,683 shares during the period. Institutional investors 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.