Silvergate Capital (NYSE:SI) Shares Up 63.3% – Should You Buy?

Silvergate Capital Co. (NYSE:SI)’s share price shot up 63.3% during mid-day trading on Wednesday . The company traded as high as $0.50 and last traded at $0.49. 13,192 shares were traded during mid-day trading, a decline of 100% from the average session volume of 14,795,615 shares. The stock had previously closed at $0.30.

Silvergate Capital Price Performance

The stock has a fifty day moving average of $0.45 and a 200-day moving average of $0.70. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $15.83 million, a P/E ratio of -0.02 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.