Siebert Financial (NASDAQ:SIEB) Now Covered by StockNews.com
StockNews.com has initiated coverage on Siebert Financial (NASDAQ:SIEB), assigning a "hold" rating. The stock opened at $0.69, with a market cap of $0.93 million and a P/E ratio of 10.35. Institutional investors, including Geode Capital Management, have increased their holdings in the company. Siebert Financial operates in retail brokerage and investment advisory services, both domestically and internationally. Despite the hold rating, analysts suggest other stocks may be better investment options.
StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a report released on Monday. The brokerage set a "hold" rating on the financial services provider's stock.
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Siebert Financial Price Performance
Siebert Financial stock opened at $2.69 on Monday. The stock's 50 day moving average price is $2.38 and its two-hundred day moving average price is $2.05. The stock has a market capitalization of $107.93 million, a price-to-earnings ratio of 10.35 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.13. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $2.79.
Institutional Investors Weigh In On Siebert Financial
An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its position in Siebert Financial Corp. (NASDAQ:SIEB - Free Report) by 70.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,788 shares of the financial services provider's stock after buying an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 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
(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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