Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,433 shares were traded during trading, a decline of 16% from the previous session's volume of 1,708 shares.The stock last traded at $40.23 and had previously closed at $40.53.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Steel Partners in a report on Tuesday, February 4th. They issued a "strong-buy" rating for the company.
View Our Latest Stock Analysis on SPLP
Steel Partners Stock Performance
The stock has a market capitalization of $767.78 million, a P/E ratio of 4.11 and a beta of 1.38. The stock's fifty day moving average price is $41.87 and its two-hundred day moving average price is $40.51. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The business had revenue of $520.42 million during the quarter.
Institutional Investors Weigh In On Steel Partners
An institutional investor recently raised its position in Steel Partners stock. HighTower Advisors LLC increased its position in Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,997 shares of the conglomerate's stock after buying an additional 577 shares during the quarter. HighTower Advisors LLC owned 0.14% of Steel Partners worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 50.75% of the company's stock.
Steel Partners Company Profile
(
Get Free Report)
Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.
See Also
Before you consider Steel Partners, 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 Steel Partners wasn't on the list.
While Steel Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
