Siebert Financial (NASDAQ:SIEB) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.44 and traded as low as $1.91. Siebert Financial shares last traded at $1.9750, with a volume of 11,497 shares trading hands.

Wall Street Analysts Forecast Growth

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

Siebert Financial Price Performance

The company’s 50 day moving average price is $1.82 and its 200-day moving average price is $2.44. The stock has a market cap of $80.86 million, a P/E ratio of -14.11 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings results 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 for the quarter. Siebert Financial had a negative net margin of 6.21% and a negative return on equity of 6.14%.

Hedge Funds Weigh In On Siebert Financial

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in shares of 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 worth $56,000 after acquiring an additional 5,198 shares during the last quarter. Jane Street Group LLC raised its stake in Siebert Financial by 60.5% during the fourth quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider’s stock worth $57,000 after buying an additional 6,173 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Siebert Financial by 175.8% during the third quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock worth $54,000 after buying an additional 11,759 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Siebert Financial by 156.2% during 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 last quarter. Finally, WINTON GROUP Ltd bought a new position in Siebert Financial during the third quarter worth $172,000. 1.52% of the stock is currently owned by institutional investors.

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.