Siebert Financial (NASDAQ:SIEB) Shares Pass Above 50 Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEBGet Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.83 and traded as high as $2.05. Siebert Financial shares last traded at $1.89, with a volume of 59,940 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Get Our Latest Research Report on SIEB

Siebert Financial Stock Performance

The firm has a 50-day moving average price of $1.83 and a 200 day moving average price of $2.37. The firm has a market capitalization of $69.60 million, a PE ratio of -12.14 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

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

Institutional Investors Weigh In On Siebert Financial

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its position in Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,775 shares during the period. Geode Capital Management LLC increased its position in shares of Siebert Financial by 81.8% during the second quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after acquiring an additional 180,186 shares during the period. JPMorgan Chase & Co. raised its stake 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. New York State Common Retirement Fund acquired a new stake in shares of Siebert Financial in the second quarter valued at $95,000. Finally, Invesco Ltd. purchased a new position in Siebert Financial in the second quarter valued at $45,000. 1.52% of the stock is owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

(Get Free Report)

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.

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