Siebert Financial (NASDAQ:SIEB) Stock Crosses Below Fifty Day Moving Average - What's Next?

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report)'s share price 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.

Analyst Ratings Changes

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

Siebert Financial Stock Down 4.0%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $3.40. The firm has a market capitalization of $188.11 million, a price-to-earnings ratio of 10.27 and a beta of 0.62.

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 company had revenue of $28.92 million for the quarter. Siebert Financial had a net margin of 19.77% and a return on equity of 21.37%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after acquiring an additional 28,600 shares during the last quarter. Jane Street Group LLC purchased a new stake in Siebert Financial in the 4th quarter valued at about $37,000. Geode Capital Management LLC raised its holdings in Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock valued at $685,000 after buying an additional 10,053 shares during the period. Finally, Northern Trust Corp lifted its position in Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after buying an additional 5,323 shares during the last quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.

About Siebert Financial

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.