Siebert Financial (NASDAQ:SIEB) Stock Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Siebert Financial shares fell below their 200-day moving average of $1.92, reaching $1.91 before last trading at $1.94 on volume of 53,052 shares.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (d)” rating, and MarketBeat reports a consensus “Sell” rating.
• The company reported a quarterly loss of $0.01 per share on $31.17 million in revenue, alongside a negative net margin of 1.07% and negative return on equity of 1.25%.

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.92 and traded as low as $1.91. Siebert Financial shares last traded at $1.94, with a volume of 53,052 shares trading hands.

Analysts Set New Price Targets

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 data from MarketBeat, the stock has a consensus rating of "Sell".

Siebert Financial Price Performance

The company has a market capitalization of $79.73 million, a price-to-earnings ratio of -64.65 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $1.74 and a 200 day moving average price of $1.92.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $31.17 million for the quarter. Siebert Financial had a negative net margin of 1.07% and a negative return on equity of 1.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of Siebert Financial by 40.9% during the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider's stock worth $49,000 after buying an additional 4,775 shares during the period. Wells Fargo & Company MN lifted its holdings in Siebert Financial by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider's stock valued at $56,000 after buying an additional 5,198 shares during the period. Williams & Novak LLC boosted its stake in Siebert Financial by 38.6% in the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 6,100 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Siebert Financial by 111,383.3% in the second 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Siebert Financial during the 2nd quarter worth $34,000. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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.

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