Equities researchers at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Stock Performance
Shares of NASDAQ SIEB traded up $0.02 during mid-day trading on Thursday, hitting $3.09. The company had a trading volume of 19,284 shares, compared to its average volume of 23,927. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.31. The firm has a market cap of $123.97 million, a P/E ratio of 11.88 and a beta of 0.33. The business's 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.
Institutional Trading of Siebert Financial
A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB - Free Report) by 70.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,788 shares of the financial services provider's stock after acquiring an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. 1.52% of the stock is owned by hedge funds and other institutional investors.
About Siebert Financial
(
Get Free Report)
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.
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