Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 2,800 shares, an increase of 154.5% from the February 13th total of 1,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 1.8 days.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Steel Partners in a research note on Saturday, March 8th. They issued a “strong-buy” rating on the stock.
View Our Latest Research Report on Steel Partners
Institutional Investors Weigh In On Steel Partners
Steel Partners Trading Down 0.5 %
Steel Partners stock traded down $0.21 during midday trading on Friday, hitting $40.22. 991 shares of the stock were exchanged, compared to its average volume of 4,831. Steel Partners has a fifty-two week low of $34.55 and a fifty-two week high of $48.45. The stock has a market capitalization of $767.10 million, a price-to-earnings ratio of 4.12 and a beta of 1.37. The stock’s 50-day simple moving average is $41.16 and its 200 day simple moving average is $41.07. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Steel Partners (NYSE:SPLP – Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (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 $497.92 million during the quarter.
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.
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