Siebert Financial (NASDAQ:SIEB) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.58 and traded as low as $2.91. Siebert Financial shares last traded at $2.97, with a volume of 10,887 shares changing hands.

Analysts Set New Price Targets

SIEB has been the subject of a number of analyst reports. Wall Street Zen cut shares of Siebert Financial from a “buy” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Siebert Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Siebert Financial Stock Performance

The company has a market cap of $120.08 million, a PE ratio of 16.50 and a beta of 0.75. The company’s fifty day moving average price is $2.99 and its 200 day moving average price is $3.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.14.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Siebert Financial had a net margin of 8.05% and a return on equity of 8.08%. The business had revenue of $26.85 million during the quarter.

Institutional Trading of Siebert Financial

A number of hedge funds have recently bought and sold shares of SIEB. Jane Street Group LLC boosted its holdings in shares of Siebert Financial by 40.9% in 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 last quarter. JPMorgan Chase & Co. increased 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 worth $30,000 after buying an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Siebert Financial in the second quarter worth about $34,000. Invesco Ltd. bought a new stake in Siebert Financial in the second quarter worth about $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in Siebert Financial in the second quarter valued at about $48,000. 1.52% of the stock is currently owned by institutional investors.

About Siebert Financial

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.