Equities researchers at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Free Report) in a research report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.
Siebert Financial Stock Down 0.7 %
Shares of Siebert Financial stock opened at $2.66 on Monday. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $2.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $106.72 million, a P/E ratio of 10.23 and a beta of 0.31. The business has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.06.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its stake in Siebert Financial Corp. (NASDAQ:SIEB – Free Report) by 70.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is owned by institutional investors.
About Siebert Financial
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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