Siebert Financial (NASDAQ:SIEB) Coverage Initiated at StockNews.com

Posted by ABMN Staff on Nov 28th, 2024

Stock analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Free Report) in a report released on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of Siebert Financial stock opened at $2.93 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $2.95. The stock has a 50 day moving average of $2.48 and a 200 day moving average of $2.08. The firm has a market cap of $117.55 million, a PE ratio of 11.19 and a beta of 0.31.

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC raised its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB – Free Report) by 70.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the period. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.