StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a research note published on Monday morning. The firm issued a hold rating on the financial services provider's stock.
Siebert Financial Price Performance
SIEB stock traded down $0.01 during midday trading on Monday, reaching $2.68. The stock had a trading volume of 18,701 shares, compared to its average volume of 21,745. The company has a market cap of $107.52 million, a price-to-earnings ratio of 10.31 and a beta of 0.31. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $2.79. The company's fifty day simple moving average is $2.38 and its 200 day simple moving average is $2.05. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 0.05.
Institutional Trading of Siebert Financial
An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its position 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 and Exchange Commission (SEC). The fund owned 206,788 shares of the financial services provider's stock after buying an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is currently owned by hedge funds and other institutional investors.
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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