Siebert Financial (NASDAQ:SIEB) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.90 and traded as low as $1.8950. Siebert Financial shares last traded at $2.02, with a volume of 78,243 shares traded.

Analyst Ratings Changes

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

Siebert Financial Trading Up 2.5%

The stock has a market capitalization of $81.67 million, a PE ratio of 11.22 and a beta of 1.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average is $2.47 and its two-hundred day moving average is $2.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Siebert Financial by 40.9% during the 1st 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 increased its stake in Siebert Financial by 48.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock worth $56,000 after buying an additional 5,198 shares during the period. JPMorgan Chase & Co. lifted its holdings in Siebert Financial by 111,383.3% in the 2nd 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Siebert Financial in the 2nd quarter worth $34,000. Finally, Invesco Ltd. purchased a new position in Siebert Financial in the 2nd quarter valued at about $45,000. 1.52% of the stock is owned by institutional investors and hedge funds.

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.