Siebert Financial (NASDAQ:SIEB) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.93 and traded as low as $1.98. Siebert Financial shares last traded at $2.02, with a volume of 34,317 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Siebert Financial Stock Performance

The company has a market capitalization of $85.71 million, a P/E ratio of 11.78 and a beta of 1.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $2.62 and its 200 day moving average is $2.93.

Hedge Funds Weigh In On Siebert Financial

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in shares of Siebert Financial by 40.9% during the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 4,775 shares during the period. Wells Fargo & Company MN boosted its stake in 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 worth $56,000 after purchasing an additional 5,198 shares during the period. JPMorgan Chase & Co. grew 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 buying an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Siebert Financial during the 2nd quarter valued at about $34,000. Finally, Invesco Ltd. bought a new stake in shares of Siebert Financial during the second quarter valued at about $45,000. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

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.