Siebert Financial (NASDAQ:SIEB) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.82 and traded as high as $1.8750. Siebert Financial shares last traded at $1.82, with a volume of 25,811 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Siebert Financial presently has a consensus rating of “Sell”.

Siebert Financial Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $74.51 million, a PE ratio of -13.00 and a beta of 0.91. The business’s fifty day moving average is $1.82 and its 200-day moving average is $2.48.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $23.47 million during the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.

Hedge Funds Weigh In On Siebert Financial

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in Siebert Financial by 40.9% during the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 4,775 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Siebert Financial by 48.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 5,198 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Siebert Financial by 111,383.3% during the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Siebert Financial during the second quarter valued at approximately $34,000. Finally, Invesco Ltd. purchased a new position in Siebert Financial during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.