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

StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP) in a research report report published on Wednesday. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Price Performance

Shares of SPLP opened at $39.00 on Wednesday. The business’s 50-day moving average is $37.43 and its two-hundred day moving average is $37.73. The company has a market capitalization of $795.33 million, a P/E ratio of 5.71 and a beta of 1.36. Steel Partners has a fifty-two week low of $33.12 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.26.

Steel Partners (NYSE:SPLP) last posted its earnings results on Wednesday, August 7th. The conglomerate reported $4.85 EPS for the quarter. Steel Partners had a return on equity of 21.44% and a net margin of 11.04%. The firm had revenue of $533.16 million for the quarter.

Institutional Trading of Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. increased its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the conglomerate’s stock after acquiring 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. Hedge funds and other institutional investors own 50.75% of the company’s stock.

Steel Partners Company Profile

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.