Siebert Financial (NASDAQ:SIEB) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Siebert Financial Corp. (NASDAQ:SIEB) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.56 and traded as low as $1.7350. Siebert Financial shares last traded at $1.83, with a volume of 38,032 shares trading hands.

Wall Street Analyst Weigh In

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

Siebert Financial Stock Performance

The stock’s 50 day moving average is $1.86 and its two-hundred day moving average is $2.56. The firm has a market capitalization of $72.87 million, a P/E ratio of -12.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.10.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $23.47 million during the quarter. Siebert Financial had a negative net margin of 6.21% and a negative return on equity of 6.14%.

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors have recently made changes to their positions in SIEB. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Siebert Financial during the 2nd quarter worth about $34,000. Invesco Ltd. bought a new stake in shares of Siebert Financial in the 2nd quarter valued at about $45,000. Wells Fargo & Company MN raised its position in shares of Siebert Financial by 48.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 5,198 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Siebert Financial by 60.5% in the 4th quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 6,173 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.