Siebert Financial (NASDAQ:SIEB) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.98 and traded as low as $1.65. Siebert Financial shares last traded at $1.67, with a volume of 5,801 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Siebert Financial in a research note on Friday, June 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Siebert Financial Stock Up 0.6%

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 stock’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $1.98. The firm has a market capitalization of $68.37 million, a P/E ratio of -11.93 and a beta of 0.93.

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

Institutional Trading of Siebert Financial

A number of hedge funds have recently bought and sold shares of the business. Williams & Novak LLC boosted its position in Siebert Financial by 38.6% in the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 6,100 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 6,683 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Siebert Financial by 156.2% during the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 39,060 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Siebert Financial during the 3rd quarter worth $172,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Siebert Financial during the 2nd quarter worth $97,000. 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.