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

Siebert Financial Corp. (NASDAQ:SIEB)’s share price 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 Ratings Changes

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

Siebert Financial Stock Up 0.6%

The stock has a 50 day moving average price of $1.74 and a 200-day moving average price of $1.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The stock 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 quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.05) EPS for the quarter. Siebert Financial had a negative net margin of 6.21% and a negative return on equity of 6.14%. The firm had revenue of $23.47 million for the quarter.

Hedge Funds Weigh In On Siebert Financial

A number of institutional investors have recently bought and sold shares of SIEB. Jane Street Group LLC raised its position in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,775 shares in the last quarter. Geode Capital Management LLC raised its position in Siebert Financial by 81.8% in 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. JPMorgan Chase & Co. lifted its position in Siebert Financial by 111,383.3% during the second 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 period. New York State Common Retirement Fund purchased a new position in shares of Siebert Financial in the 2nd quarter worth $95,000. Finally, Invesco Ltd. bought a new stake in shares of Siebert Financial in the second quarter worth $45,000. 1.52% of the stock is 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.