StockNews.com Initiates Coverage on Siebert Financial (NASDAQ:SIEB)

Stock analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Up 1.2 %

NASDAQ SIEB opened at $1.74 on Friday. Siebert Financial has a 12 month low of $1.46 and a 12 month high of $2.62. The company has a market capitalization of $69.44 million, a P/E ratio of 8.71 and a beta of 0.30. The company’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $1.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.08 and a quick ratio of 1.08.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Wednesday, May 22nd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Siebert Financial had a net margin of 10.97% and a return on equity of 12.97%. The firm had revenue of $20.46 million for the quarter.

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.