Siebert Financial (NASDAQ:SIEB) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.64 and traded as low as $2.33. Siebert Financial shares last traded at $2.38, with a volume of 1,992 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Siebert Financial in a research report on Tuesday. They set a “hold” rating on the stock.

Siebert Financial Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $95.29 million, a PE ratio of 9.13 and a beta of 0.45. The stock has a 50-day simple moving average of $2.76 and a 200 day simple moving average of $2.64.

Institutional Investors Weigh In On Siebert Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Siebert Financial during the 4th quarter worth $37,000. Renaissance Technologies LLC boosted its position in shares of Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 28,600 shares in the last quarter. Northern Trust Corp boosted its position in shares of Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 5,323 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 85,456 shares during the period. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.