Silvergate Capital (NYSE:SI) Reaches New 12-Month High - Time to Buy?

Key Points

• Silvergate Capital shares reached a new 52-week high of $17.94, marking a substantial increase of 1,116.9% from a previous close of $1.24.
• The company's market capitalization stands at $477.73 million with a P/E ratio of -0.50 and a beta of 2.23, indicating significant volatility.
• Silvergate Capital operates as a bank holding company, providing various banking products and services to clients across the United States.

Shares of Silvergate Capital Co. (NYSE:SI - ) hit a new 52-week high on Thursday . The company traded as high as $17.94 and last traded at $15.90, with a volume of 562468 shares changing hands. The stock had previously closed at $1.24.

Silvergate Capital Stock Up 1,116.9%

The stock has a market capitalization of $477.73 million, a P/E ratio of -0.50 and a beta of 2.23. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.54. The stock's 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.38.

Silvergate Capital Company Profile

Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.