Siebert Financial (NASDAQ:SIEB) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Siebert Financial Corp. (NASDAQ:SIEB) passed 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 started coverage on Siebert Financial in a report on Tuesday. They set a “hold” rating on the stock.

Siebert Financial Stock Performance

The company has a market capitalization of $102.31 million, a PE ratio of 9.81 and a beta of 0.46. 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 50-day moving average price of $2.74 and a two-hundred day moving average price of $2.65.

Hedge Funds Weigh In On Siebert Financial

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 85,456 shares during the period. Jane Street Group LLC bought a new position in Siebert Financial during the fourth quarter valued at approximately $37,000. Northern Trust Corp raised its position in Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 5,323 shares during the period. Finally, Renaissance Technologies LLC raised its position in Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 28,600 shares during the period. 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.