StockNews.com Initiates Coverage on Siebert Financial (NASDAQ:SIEB)

Equities researchers at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

Shares of SIEB opened at $2.17 on Wednesday. The stock has a market capitalization of $86.54 million, a P/E ratio of 10.85 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.11. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $2.60. The company’s fifty day moving average is $1.93 and its two-hundred day moving average is $1.97.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings results on Wednesday, August 14th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $20.86 million for the quarter. Siebert Financial had a net margin of 12.21% and a return on equity of 13.03%.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.