Siebert Financial (NASDAQ:SIEB) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research note issued on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.Get Siebert Financial alerts:Siebert Financial Trading Up 0.7 %Shares of Siebert Financial stock opened at $2.84 on Thursday. The company's 50-day moving average price is $3.03 and its 200-day moving average price is $2.46. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.34. The company has a market cap of $113.94 million, a price-to-earnings ratio of 10.92 and a beta of 0.30. Siebert Financial (NASDAQ:SIEB - Get Free Report) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $22.56 million for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. Hedge Funds Weigh In On Siebert FinancialAn institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC grew its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB - Free Report) by 70.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,788 shares of the financial services provider's stock after acquiring an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.52% of the company's stock. About Siebert Financial (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.Further ReadingFive stocks we like better than Siebert FinancialHow to Use Stock Screeners to Find Stocks3 Must-Have ETFs Set to Dominate This QuarterWhat is Short Interest? How to Use ItSeeking Stability? These 3 Stocks Offer Strong Potential3 Tickers Leading a Meme Stock RevivalTrade War Bargain Stocks: Top 3 Picks Too Good to Pass UpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Siebert Financial Right Now?Before you consider Siebert Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Siebert Financial wasn't on the list.While Siebert Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here