Siebert Financial (NASDAQ:SIEB) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Siebert Financial Corp. (NASDAQ:SIEB)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.98 and traded as low as $1.65. Siebert Financial shares last traded at $1.67, with a volume of 5,801 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Siebert Financial Stock Up 0.6%

The stock has a fifty day moving average of $1.74 and a 200 day moving average of $1.98. 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 firm has a market capitalization of $68.37 million, a P/E ratio of -11.93 and a beta of 0.93.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.05) earnings per share 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.

Hedge Funds Weigh In On Siebert Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings 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 valued at $30,000 after acquiring an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Siebert Financial in the second quarter valued at $34,000. Invesco Ltd. purchased a new position in shares of Siebert Financial in the second quarter valued at $45,000. Wells Fargo & Company MN raised its stake in shares of 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 valued at $56,000 after purchasing an additional 5,198 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Siebert Financial by 60.5% during the 4th quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 6,173 shares in the last quarter. 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.