Siebert Financial (NASDAQ:SIEB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report released on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

SIEB stock opened at $2.93 on Tuesday. The stock has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $2.09. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $2.95. The stock has a market cap of $117.55 million, a PE ratio of 11.27 and a beta of 0.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake 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 disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. Institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.