Market Might Still Lack Some Conviction On Siebert Financial Corp. (NASDAQ:SIEB) Even After 34% Share Price Boost
Siebert Financial Corp. (NASDAQ:SIEB) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month, although it is still struggling to make up recently lost ground. The last 30 days bring the annual gain to a very sharp 54%.
Although its price has surged higher, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 20x, you may still consider Siebert Financial as an attractive investment with its 14.3x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
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