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 Tuesday morning. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Price Performance

Shares of SPLP stock opened at $39.00 on Tuesday. The stock’s fifty day moving average is $37.18 and its 200-day moving average is $37.66. 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 has a 52 week low of $33.12 and a 52 week high of $45.00. The stock has a market capitalization of $795.33 million, a PE ratio of 5.71 and a beta of 1.36.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. increased its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the conglomerate’s stock after buying an additional 400 shares during the period. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 at the end of the most recent quarter. 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.