Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $41.01, but opened at $41.84. Steel Partners shares last traded at $40.77, with a volume of 3,532 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Steel Partners in a research note on Wednesday. They issued a "strong-buy" rating on the stock.
View Our Latest Report on SPLP
Steel Partners Price Performance
The company's 50 day moving average price is $41.05 and its 200 day moving average price is $41.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market cap of $768.34 million, a price-to-earnings ratio of 4.11 and a beta of 1.01.
Steel Partners (NYSE:SPLP - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. The firm had revenue of $497.92 million for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.
Institutional Investors Weigh In On Steel Partners
Large investors have recently bought and sold shares of the business. Teton Advisors Inc. boosted its stake in Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after purchasing an additional 500 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock valued at $1,082,000 after buying an additional 635 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after buying an additional 3,300 shares during the last quarter. 50.75% of the stock is currently owned by institutional investors.
Steel Partners Company Profile
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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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