Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.85 and traded as high as $42.50. Steel Partners shares last traded at $41.29, with a volume of 507 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Steel Partners in a research report on Friday. They set a "strong-buy" rating for the company.
Check Out Our Latest Analysis on Steel Partners
Steel Partners Stock Performance
The stock's 50-day simple moving average is $41.48 and its 200 day simple moving average is $41.01. 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 $787.26 million, a PE ratio of 4.21 and a beta of 1.38.
Hedge Funds Weigh In On Steel Partners
Large investors have recently made changes to their positions in the stock. Teton Advisors Inc. increased its holdings in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 500 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Steel Partners by 83.0% in the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock valued at $924,000 after purchasing an additional 10,377 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Steel Partners by 2.5% in the 3rd 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, Gamco Investors INC. ET AL increased its holdings in shares of Steel Partners by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after purchasing an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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