Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $42.49, but opened at $41.05. Steel Partners shares last traded at $41.70, with a volume of 1,996 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Steel Partners in a research note on Tuesday. They issued a "strong-buy" rating on the stock.
Read Our Latest Report on SPLP
Steel Partners Price Performance
The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The stock has a market cap of $767.78 million, a P/E ratio of 4.11 and a beta of 1.38. The company's 50 day moving average price is $42.01 and its two-hundred day moving average price is $40.44.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share for the quarter. The business had revenue of $520.42 million during the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Steel Partners stock. HighTower Advisors LLC boosted its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,420 shares of the conglomerate's stock after buying an additional 635 shares during the quarter. HighTower Advisors LLC owned approximately 0.14% of Steel Partners worth $1,082,000 as of its most recent SEC filing. 50.75% of the stock is owned by hedge funds and other institutional investors.
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.
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