Siebert Financial (NASDAQ:SIEB) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Siebert Financial Corp. (NASDAQ:SIEB)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.02 and traded as high as $3.06. Siebert Financial shares last traded at $3.04, with a volume of 9,507 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Siebert Financial in a report on Wednesday. They issued a “hold” rating for the company.

Siebert Financial Trading Up 1.8 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $3.02 and a 200 day simple moving average of $2.42. The company has a market cap of $121.76 million, a price-to-earnings ratio of 11.67 and a beta of 0.32.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $22.56 million during the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.52% of the company’s stock.

About Siebert Financial

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.