Siebert Financial (NASDAQ:SIEB) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Siebert Financial Corp. (NASDAQ:SIEB)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.03 and traded as low as $1.59. Siebert Financial shares last traded at $1.60, with a volume of 6,434 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Siebert Financial Price Performance

The stock’s 50-day moving average is $1.77 and its 200 day moving average is $2.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $65.50 million, a PE ratio of -11.43 and a beta of 0.92.

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

Institutional Trading of Siebert Financial

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Siebert Financial by 81.8% during the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 180,186 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Siebert Financial during the third quarter worth approximately $172,000. Bridgeway Capital Management LLC lifted its stake in Siebert Financial by 156.2% in the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock valued at $187,000 after buying an additional 39,060 shares during the last quarter. Vanguard Group Inc. lifted its stake in Siebert Financial by 5.6% in the third quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock valued at $2,114,000 after buying an additional 38,318 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Siebert Financial in the third quarter valued at approximately $92,000. 1.52% of the stock is owned by institutional investors and hedge funds.

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.