Siebert Financial (NASDAQ:SIEB) Shares Pass Above 50 Day Moving Average – Here’s Why

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 $2.95 and traded as high as $2.95. Siebert Financial shares last traded at $2.76, with a volume of 14,223 shares.

Wall Street Analysts Forecast Growth

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

Siebert Financial Stock Down 1.8%

The firm has a market capitalization of $111.58 million, a PE ratio of 11.50 and a beta of 0.65. The company has a fifty day moving average price of $2.95 and a 200-day moving average price of $3.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

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

Institutional Trading of Siebert Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SIEB. Geode Capital Management LLC raised its holdings in 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 buying an additional 180,186 shares during the period. Panagora Asset Management Inc. purchased a new stake in Siebert Financial during the 2nd quarter valued at $145,000. Bridgeway Capital Management LLC purchased a new stake in Siebert Financial during the 2nd quarter valued at $110,000. Occudo Quantitative Strategies LP bought a new position in Siebert Financial in the 2nd quarter valued at $97,000. Finally, New York State Common Retirement Fund bought a new position in Siebert Financial in the 2nd quarter valued at $95,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.