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

Equities research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEBGet Free Report) in a report released on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.85 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $2.94 and its two-hundred day moving average is $2.33. The firm has a market capitalization of $114.34 million, a P/E ratio of 10.96 and a beta of 0.32. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.34.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC increased its position in shares of Siebert Financial Corp. (NASDAQ:SIEBFree Report) by 70.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. 1.52% of the stock is currently owned by institutional investors and hedge funds.

About Siebert Financial

(Get Free Report)

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.

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