Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report)'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.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Siebert Financial in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on Siebert Financial
Siebert Financial Stock Up 0.6%
The stock has a fifty day moving average of $1.74 and a 200 day moving average 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 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 - Get Free Report) last posted 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 for the quarter.
Hedge Funds Weigh In On Siebert Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Siebert Financial in the second quarter valued at $34,000. Invesco Ltd. purchased a new position in shares of Siebert Financial in the second quarter valued at $45,000. Wells Fargo & Company MN raised its stake in shares of Siebert Financial by 48.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 5,198 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Siebert Financial by 60.5% during the 4th quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider's stock worth $57,000 after purchasing an additional 6,173 shares in the last quarter. Institutional investors own 1.52% of the company's stock.
Siebert Financial Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Siebert Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Siebert Financial wasn't on the list.
While Siebert Financial currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
