Siebert Financial (NASDAQ:SIEB) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of NASDAQ SIEB opened at $2.87 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $115.14 million, a PE ratio of 11.04 and a beta of 0.31. The firm has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $2.09. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $2.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is 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.