Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $39.30 and traded as high as $41.83. Steel Partners shares last traded at $41.50, with a volume of 3,629 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Steel Partners in a research report on Wednesday. They set a "strong-buy" rating for the company.
View Our Latest Stock Report on SPLP
Steel Partners Stock Performance
The business's 50-day simple moving average is $41.09 and its two-hundred day simple moving average is $39.30. The firm has a market capitalization of $796.18 million, a price-to-earnings ratio of 4.26 and a beta of 1.38. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Steel Partners
A number of hedge funds and other institutional investors have recently bought and sold shares of SPLP. De Lisle Partners LLP increased its stake in Steel Partners by 83.0% during the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock worth $924,000 after purchasing an additional 10,377 shares during the period. HighTower Advisors LLC grew its holdings 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 purchasing an additional 635 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Steel Partners by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate's stock worth $22,207,000 after buying an additional 1,700 shares during the period. 50.75% of the stock is currently 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.
Read More
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
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
