Siebert Financial (NASDAQ:SIEB) Now Covered by Analysts at StockNews.com

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

Siebert Financial Stock Performance

SIEB opened at $3.19 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.31. The firm has a market cap of $127.99 million, a PE ratio of 12.27 and a beta of 0.32. The business has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.25.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC grew its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent 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 about 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.