Siebert Financial (NASDAQ:SIEB) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Siebert Financial Corp. (NASDAQ:SIEB) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.32 and traded as low as $3.04. Siebert Financial shares last traded at $3.04, with a volume of 13,344 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Siebert Financial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Siebert Financial Trading Down 3.2%

The firm has a fifty day moving average of $3.30 and a two-hundred day moving average of $3.31. The company has a market cap of $122.90 million, a PE ratio of 16.89 and a beta of 0.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.

Siebert Financial (NASDAQ:SIEB) last issued its earnings results on Wednesday, November 12th. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $26.85 million during the quarter. Siebert Financial had a net margin of 8.05% and a return on equity of 8.08%.

Institutional Investors Weigh In On Siebert Financial

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. lifted 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 worth $30,000 after purchasing an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Siebert Financial in the 2nd quarter worth about $34,000. Invesco Ltd. purchased a new position in Siebert Financial during the 2nd quarter valued at about $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in Siebert Financial during the 2nd quarter valued at about $48,000. Hedge funds and other 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.