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Siebert Financial (NASDAQ:SIEB) Share Price Crosses Below 50-Day Moving Average - What's Next?

Siebert Financial logo with Finance background

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.50 and traded as low as $3.84. Siebert Financial shares last traded at $4.03, with a volume of 78,829 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Siebert Financial from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 15th.

Check Out Our Latest Report on Siebert Financial

Siebert Financial Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $151.54 million, a P/E ratio of 8.15 and a beta of 0.62. The business's 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $3.46.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last issued its earnings results on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. The firm had revenue of $28.92 million during the quarter. Siebert Financial had a net margin of 19.77% and a return on equity of 21.37%.

Hedge Funds Weigh In On Siebert Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Siebert Financial in the fourth quarter worth about $37,000. Renaissance Technologies LLC lifted its holdings in shares of Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after buying an additional 28,600 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock worth $128,000 after buying an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Siebert Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after buying an additional 10,053 shares in the last quarter. Institutional investors own 1.52% of the company's stock.

About Siebert Financial

(Get Free Report)

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.

Further Reading

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