Siebert Financial (NASDAQ:SIEB) Shares Cross Below 200-Day Moving Average – Should You Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.03 and traded as low as $1.59. Siebert Financial shares last traded at $1.60, with a volume of 6,434 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Siebert Financial Stock Up 1.9%

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 firm has a 50 day simple moving average of $1.76 and a two-hundred day simple moving average of $2.03. The stock has a market cap of $66.73 million, a P/E ratio of -11.64 and a beta of 0.92.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $23.47 million during the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.

Institutional Trading of Siebert Financial

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Siebert Financial by 111,383.3% in the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Siebert Financial during the second quarter worth approximately $34,000. Williams & Novak LLC lifted its position in Siebert Financial by 38.6% in the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 6,100 shares during the period. Invesco Ltd. acquired a new stake in Siebert Financial in the second quarter worth approximately $45,000. Finally, Jane Street Group LLC boosted its stake 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. 1.52% of the stock is owned by institutional investors and hedge funds.

Siebert Financial Company Profile

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.