Silvergate Capital (NYSE:SI) Stock Price Down 20% – Here’s Why

Silvergate Capital Co. (NYSE:SI)’s stock price was down 20% during trading on Tuesday . The company traded as low as $0.40 and last traded at $0.40. Approximately 1,635 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 14,795,615 shares. The stock had previously closed at $0.50.

Silvergate Capital Trading Down 20.0 %

The business has a 50 day simple moving average of $0.52 and a 200 day simple moving average of $0.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.25 and a quick ratio of 0.18. The company has a market cap of $12.66 million, a price-to-earnings ratio of -0.01 and a beta of 2.23.

Silvergate Capital Company Profile

Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts.