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

Shares of Siebert Financial Corp. (NASDAQ:SIEB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.97 and traded as low as $1.87. Siebert Financial shares last traded at $1.92, with a volume of 81,020 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Siebert Financial in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Siebert Financial currently has an average rating of “Hold”.

Siebert Financial Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.96. The firm has a market cap of $75.20 million, a P/E ratio of 10.33 and a beta of 1.02.

Institutional Investors Weigh In On Siebert Financial

A number of hedge funds and other institutional investors have recently modified their holdings of SIEB. JPMorgan Chase & Co. grew its position in 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 valued at $30,000 after buying an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Siebert Financial during the second quarter valued at approximately $34,000. Invesco Ltd. bought a new stake in Siebert Financial during the second quarter worth approximately $45,000. Los Angeles Capital Management LLC bought a new position in Siebert Financial during the 2nd quarter valued at $48,000. Finally, Jane Street Group LLC boosted its stake in 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 in the last quarter. 1.52% of the stock is currently owned by 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.