Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s stock price was up 6.6% during mid-day trading on Friday . The company traded as high as $40.20 and last traded at $42.00. Approximately 181 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,875 shares. The stock had previously closed at $39.40.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Steel Partners in a report on Tuesday. They set a "strong-buy" rating for the company.
Get Our Latest Analysis on SPLP
Steel Partners Trading Down 0.5 %
The company has a market cap of $810.74 million, a PE ratio of 4.34 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The business has a 50 day simple moving average of $42.04 and a two-hundred day simple moving average of $40.40.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share (EPS) for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The firm had revenue of $520.42 million for the quarter.
Hedge Funds Weigh In On Steel Partners
An institutional investor recently raised its position in Steel Partners stock. De Lisle Partners LLP raised its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 83.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,877 shares of the conglomerate's stock after buying an additional 10,377 shares during the period. De Lisle Partners LLP owned about 0.12% of Steel Partners worth $924,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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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