Steel Partners (NYSE:SPLP) Shares Down 3.9%

Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) dropped 3.9% during trading on Monday . The company traded as low as $34.55 and last traded at $35.33. Approximately 1,451 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 8,270 shares. The stock had previously closed at $36.75.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Steel Partners in a research report on Monday, April 22nd. They issued a "strong-buy" rating for the company.

Steel Partners Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.27. The company has a fifty day moving average price of $38.04 and a two-hundred day moving average price of $10,210.53. The company has a market cap of $713.65 million, a P/E ratio of 5.45 and a beta of 1.26.

Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings results on Friday, March 8th. The conglomerate reported $1.75 EPS for the quarter. The firm had revenue of $466.91 million during the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%.

Hedge Funds Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. boosted its holdings 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 & Exchange Commission. The fund owned 10,200 shares of the conglomerate's stock after buying an additional 400 shares during the quarter. Teton Advisors Inc.'s holdings in Steel Partners were worth $408,000 at the end of the most recent reporting period. 50.75% of the stock is owned by institutional investors and hedge funds.

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.