Siebert Financial (NASDAQ:SIEB) Share Price Crosses Above 50 Day Moving Average of $1.64

Siebert Financial Corp. (NASDAQ:SIEBGet Rating)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.64 and traded as high as $1.65. Siebert Financial shares last traded at $1.62, with a volume of 5,132 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. assumed coverage on shares of Siebert Financial in a research note on Saturday. They issued a “hold” rating on the stock. TheStreet lowered shares of Siebert Financial from a “c-” rating to a “d+” rating in a research note on Tuesday, July 12th.

Siebert Financial Trading Down 3.0 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average is $1.64 and its two-hundred day moving average is $1.81. The firm has a market cap of $52.49 million, a P/E ratio of 81.04 and a beta of -0.34.

Siebert Financial (NASDAQ:SIEBGet Rating) last announced its quarterly earnings data on Monday, August 15th. The financial services provider reported $0.02 earnings per share for the quarter. Siebert Financial had a net margin of 2.04% and a return on equity of 2.20%. The business had revenue of $11.72 million during the quarter.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Vanguard Group Inc. lifted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEBGet Rating) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,978 shares of the financial services provider’s stock after buying an additional 8,413 shares during the period. Vanguard Group Inc. owned 0.43% of Siebert Financial worth $298,000 at the end of the most recent reporting period. 1.54% of the stock is currently owned by hedge funds and other institutional investors.

About Siebert Financial

(Get Rating)

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

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