StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a research report released on Tuesday morning. The firm issued a hold rating on the financial services provider's stock.
Siebert Financial Trading Up 0.7 %
Shares of SIEB traded up $0.02 during trading hours on Tuesday, hitting $2.91. The company had a trading volume of 27,762 shares, compared to its average volume of 22,285. The firm has a market cap of $116.75 million, a P/E ratio of 11.19 and a beta of 0.31. The stock's 50 day moving average price is $2.47 and its 200 day moving average price is $2.07. 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 has a 52-week low of $1.41 and a 52-week high of $2.93.
Institutional Trading of Siebert Financial
A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its stake in Siebert Financial Corp. (NASDAQ:SIEB - Free Report) by 70.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider's stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.52% of the company's stock.
About Siebert Financial
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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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