Siebert Financial (NASDAQ:SIEB) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.61 and traded as low as $1.75. Siebert Financial shares last traded at $1.75, with a volume of 8,461 shares traded.

Analysts Set New Price Targets

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

Siebert Financial Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $71.65 million, a P/E ratio of 13.46 and a beta of 0.90. The stock has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $2.61.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings data on Monday, March 30th. The financial services provider reported ($0.01) earnings per share for the quarter. Siebert Financial had a net margin of 5.44% and a return on equity of 5.61%. The business had revenue of $23.56 million for the quarter.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors have recently modified their holdings of SIEB. Jane Street Group LLC lifted its holdings in shares of 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 valued at $49,000 after purchasing an additional 4,775 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Siebert Financial by 81.8% during the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 180,186 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $30,000 after purchasing an additional 6,683 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Siebert Financial during the 2nd quarter valued at about $95,000. Finally, Invesco Ltd. bought a new position in shares of Siebert Financial during the 2nd quarter valued at about $45,000. Institutional investors own 1.52% of the company’s stock.

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.