Siebert Financial (NASDAQ:SIEB) Share Price Passes Below 200 Day Moving Average – Here’s Why

Siebert Financial Corp. (NASDAQ:SIEB) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.97 and traded as low as $1.87. Siebert Financial shares last traded at $1.92, with a volume of 81,020 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Siebert Financial in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siebert Financial has an average rating of “Hold”.

Siebert Financial Stock Performance

The stock’s 50-day moving average price is $2.85 and its 200-day moving average price is $2.97. The company has a market capitalization of $77.63 million, a price-to-earnings ratio of 10.67 and a beta of 1.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Trading of Siebert Financial

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its position in shares of Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,775 shares in the last quarter. Wells Fargo & Company MN raised its position 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 worth $56,000 after acquiring an additional 5,198 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Siebert Financial in the second quarter valued at about $34,000. Finally, Invesco Ltd. acquired a new stake in shares of Siebert Financial in the second quarter valued at approximately $45,000. 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.