Siebert Financial (NASDAQ:SIEB) Shares Pass Below 200 Day Moving Average – Here’s Why

Siebert Financial Corp. (NASDAQ:SIEB) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.64 and traded as low as $2.33. Siebert Financial shares last traded at $2.38, with a volume of 1,992 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Siebert Financial in a research note on Tuesday. They set a “hold” rating for the company.

Siebert Financial Trading Up 0.2 %

The firm has a market cap of $95.29 million, a price-to-earnings ratio of 9.13 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The business has a fifty day moving average of $2.76 and a two-hundred day moving average of $2.64.

Institutional Investors Weigh In On Siebert Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Siebert Financial during the 4th quarter valued at $37,000. Northern Trust Corp boosted its holdings in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 5,323 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 28,600 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after buying an additional 10,053 shares during the period. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.