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Siebert Financial (NASDAQ:SIEB) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Siebert Financial logo with Finance background

Shares of Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.02 and traded as high as $3.06. Siebert Financial shares last traded at $3.04, with a volume of 9,507 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Siebert Financial in a report on Wednesday. They issued a "hold" rating on the stock.

Check Out Our Latest Analysis on SIEB

Siebert Financial Stock Down 1.3 %

The firm has a market cap of $117.55 million, a P/E ratio of 11.27 and a beta of 0.32. The firm's 50-day moving average price is $3.03 and its 200 day moving average price is $2.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 EPS for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The company had revenue of $22.56 million for the quarter.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB - Free Report) by 70.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 and Exchange Commission. 1.52% of the stock is owned by institutional investors and hedge funds.

Siebert Financial Company Profile

(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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