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

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

Siebert Financial Price Performance

Shares of SIEB stock opened at $2.39 on Thursday. The stock has a market cap of $95.32 million, a price-to-earnings ratio of 11.95 and a beta of 0.31. The business’s fifty day moving average is $2.00 and its 200 day moving average is $1.98. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $2.60. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.05.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings results on Wednesday, August 14th. The financial services provider reported $0.10 earnings per share for the quarter. Siebert Financial had a return on equity of 13.03% and a net margin of 12.21%. The company had revenue of $20.86 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.