StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a report released on Thursday. The firm set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Performance
SPLP stock remained flat at $38.75 during trading on Thursday. 603 shares of the company's stock traded hands, compared to its average volume of 8,430. Steel Partners has a fifty-two week low of $33.12 and a fifty-two week high of $48.00. The firm has a market capitalization of $790.23 million, a PE ratio of 5.67 and a beta of 1.30. The firm has a 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $10,138.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 1.13.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The conglomerate reported $1.50 earnings per share 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 Investors Weigh In On Steel Partners
A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. boosted its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the conglomerate's stock after purchasing an additional 400 shares during the quarter. Teton Advisors Inc.'s holdings in Steel Partners were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 50.75% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
Before you consider Steel Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steel Partners wasn't on the list.
While Steel Partners currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
