Siebert Financial (NASDAQ:SIEB) Shares Pass Below 200 Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB) 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 restated a “sell (d)” rating on shares of Siebert Financial in a report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Siebert Financial Stock Down 1.2%

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 firm has a market capitalization of $82.82 million, a price-to-earnings ratio of -67.14 and a beta of 0.93. The firm has a 50 day moving average price of $1.74 and a two-hundred day moving average price of $1.92.

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

Hedge Funds Weigh In On Siebert Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Siebert Financial by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock worth $2,114,000 after purchasing an additional 38,318 shares during the period. Geode Capital Management LLC raised its position in Siebert Financial by 81.8% in the second quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 180,186 shares during the period. BlackRock Inc. acquired a new position in shares of Siebert Financial during the second quarter worth about $168,000. Bridgeway Capital Management LLC boosted its position in shares of Siebert Financial by 156.2% in the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after buying an additional 39,060 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Siebert Financial in the third quarter worth about $172,000. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.