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

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

Siebert Financial Trading Up 3.8 %

Siebert Financial stock opened at $2.48 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50-day moving average of $2.02 and a 200-day moving average of $1.98. The company has a market cap of $98.90 million, a price-to-earnings ratio of 12.40 and a beta of 0.31. Siebert Financial has a one year low of $1.41 and a one year high of $2.60.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Wednesday, August 14th. The financial services provider reported $0.10 earnings per share for the quarter. The firm had revenue of $20.86 million for the quarter. Siebert Financial had a return on equity of 13.03% and a net margin of 12.21%.

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.