Equities research analysts at StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a report issued on Tuesday. The brokerage set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Performance
Shares of SPLP stock remained flat at $40.03 during trading hours on Tuesday. 177 shares of the stock were exchanged, compared to its average volume of 2,004. The stock has a 50 day simple moving average of $42.01 and a two-hundred day simple moving average of $40.44. The firm has a market capitalization of $767.78 million, a price-to-earnings ratio of 4.11 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. Steel Partners has a one year low of $33.12 and a one year high of $48.45.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The conglomerate reported $1.65 EPS for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The firm had revenue of $520.42 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Steel Partners stock. De Lisle Partners LLP grew its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 83.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,877 shares of the conglomerate's stock after purchasing an additional 10,377 shares during the period. De Lisle Partners LLP owned approximately 0.12% of Steel Partners worth $924,000 as of its most recent SEC filing. 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.
Further Reading
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