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

StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report released on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Stock Performance

SIEB stock opened at $2.91 on Tuesday. The stock’s fifty day moving average is $2.47 and its two-hundred day moving average is $2.07. The stock has a market capitalization of $116.75 million, a price-to-earnings ratio of 11.19 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $2.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.