Steel Partners (NYSE:SPLP) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP) in a report released on Saturday morning. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Price Performance

SPLP opened at $36.88 on Friday. The company has a 50 day moving average of $37.47 and a two-hundred day moving average of $37.68. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. Steel Partners has a 52-week low of $33.12 and a 52-week high of $47.96. The company has a market cap of $751.99 million, a P/E ratio of 5.40 and a beta of 1.36.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Wednesday, May 8th. The conglomerate reported $1.50 EPS for the quarter. Steel Partners had a return on equity of 16.61% and a net margin of 8.27%. The company had revenue of $476.35 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. raised its holdings in Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,200 shares of the conglomerate’s stock after purchasing an additional 400 shares during the period. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 as of its most recent SEC filing. Institutional investors own 50.75% of the company’s stock.

About Steel Partners

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.