Siebert Financial (NASDAQ:SIEB) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.39 and traded as low as $4.18. Siebert Financial shares last traded at $4.28, with a volume of 125,244 shares traded.

Analyst Upgrades and Downgrades

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

Siebert Financial Trading Down 2.1%

The firm has a market cap of $191.95 million, a price-to-earnings ratio of 10.33 and a beta of 0.62. The company has a 50-day moving average price of $4.46 and a 200 day moving average price of $3.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04.

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

Institutional Trading of Siebert Financial

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of Siebert Financial in the fourth quarter worth about $37,000. Geode Capital Management LLC lifted its position 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 during the last quarter. Finally, Northern Trust Corp lifted its position 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 during the last quarter. Institutional investors and hedge funds own 1.52% of the company's stock.

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.