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

StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report released on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

SIEB opened at $2.68 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.13. The stock has a market capitalization of $107.52 million, a PE ratio of 10.31 and a beta of 0.31. The stock’s 50 day moving average price is $2.38 and its 200-day moving average price is $2.05. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $2.79.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd 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 buying an additional 85,456 shares during the quarter. 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.