Siebert Financial (NASDAQ:SIEB) Share Price Passes Below 200 Day Moving Average of $2.18

Siebert Financial Corp. (NASDAQ:SIEB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.18 and traded as low as $1.77. Siebert Financial shares last traded at $1.83, with a volume of 10,209 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Siebert Financial in a research note on Thursday. They set a “hold” rating on the stock.

Siebert Financial Price Performance

The company has a market capitalization of $72.04 million, a price-to-earnings ratio of 11.38 and a beta of 0.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $1.85 and a 200 day moving average price of $2.17.

Institutional Trading of Siebert Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Siebert Financial by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 8,413 shares during the period. Northern Trust Corp lifted its holdings in Siebert Financial by 17.9% in the second quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock valued at $99,000 after buying an additional 6,083 shares during the period. Millennium Management LLC bought a new position in Siebert Financial in the fourth quarter valued at approximately $34,000. Finally, Virtu Financial LLC bought a new position in Siebert Financial in the second quarter valued at approximately $31,000.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.