Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link
NEW YORK (
) has been upgraded by TheStreet Ratings from sell to hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
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Highlights from the ratings report include:
- Compared to its closing price of one year ago, SIEB's share price has jumped by 102.92%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- SIEB, with its decline in revenue, slightly underperformed the industry average of 9.8%. Since the same quarter one year prior, revenues fell by 11.4%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Capital Markets industry and the overall market, SIEBERT FINANCIAL CORP's return on equity significantly trails that of both the industry average and the S&P 500.
- SIEBERT FINANCIAL CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, SIEBERT FINANCIAL CORP reported poor results of -$0.26 versus -$0.01 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Capital Markets industry. The net income has significantly decreased by 367.1% when compared to the same quarter one year ago, falling from -$0.33 million to -$1.55 million.
Siebert Financial Corp., through its subsidiaries, is engaged in the retail discount brokerage and investment banking businesses in the United States. Siebert Financial has a market cap of $60.8 million and is part of the financial sector and financial services industry. Shares are up 72.7% year to date as of the close of trading on Monday.
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