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

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

Siebert Financial Stock Down 4.0 %

Shares of NASDAQ SIEB opened at $2.38 on Thursday. The stock has a market cap of $94.92 million, a P/E ratio of 11.90 and a beta of 0.31. The business’s fifty day simple moving average is $2.04 and its 200-day simple moving average is $1.99. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $2.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.05.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Wednesday, August 14th. The financial services provider reported $0.10 earnings per share (EPS) 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.

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.