Siebert Financial (NASDAQ:SIEB) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

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 $1.82 and traded as high as $1.8750. Siebert Financial shares last traded at $1.82, with a volume of 25,811 shares traded.

Wall Street Analyst Weigh In

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

Siebert Financial Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $1.82 and its 200-day moving average is $2.48. The company has a market capitalization of $74.51 million, a P/E ratio of -13.00 and a beta of 0.91.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings results 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 return on equity of 6.14% and a negative net margin of 6.21%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIEB. Jane Street Group LLC increased its stake in shares of Siebert Financial by 40.9% in the 1st 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Siebert Financial by 81.8% in the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after acquiring an additional 180,186 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 6,683 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Siebert Financial in the 2nd quarter worth about $95,000. Finally, Invesco Ltd. bought a new position in shares of Siebert Financial in the 2nd quarter worth about $45,000. 1.52% of the stock is currently owned by institutional investors.

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.