Siebert Financial (NASDAQ:SIEB) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Siebert Financial Corp. (NASDAQ:SIEB) passed 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 shares of Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Siebert Financial Stock Up 1.7%

The business’s 50 day moving average is $1.86 and its 200 day moving average is $2.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market cap of $74.92 million, a price-to-earnings ratio of -13.07 and a beta of 0.90.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC bought a new position in Siebert Financial in the 2nd quarter worth $110,000. Occudo Quantitative Strategies LP bought a new position in Siebert Financial in the 2nd quarter worth $97,000. New York State Common Retirement Fund bought a new position in Siebert Financial in the 2nd quarter worth $95,000. Russell Investments Group Ltd. bought a new position in Siebert Financial in the 3rd quarter worth $92,000. Finally, Jane Street Group LLC raised its holdings in 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 worth $57,000 after acquiring an additional 6,173 shares during the period. Institutional investors own 1.52% of the company’s stock.

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.