Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 81,465 shares were traded during mid-day trading, an increase of 833% from the previous session's volume of 8,731 shares.The stock last traded at $37.75 and had previously closed at $38.00.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Steel Partners in a research note on Wednesday. They issued a "strong-buy" rating on the stock.
Get Our Latest Research Report on Steel Partners
Steel Partners Stock Performance
The company has a debt-to-equity ratio of 0.21, a current ratio of 1.27 and a quick ratio of 1.17. The business's 50 day simple moving average is $37.91 and its 200 day simple moving average is $10,068.94. The stock has a market cap of $769.80 million, a P/E ratio of 5.53 and a beta of 1.30.
Steel Partners (NYSE:SPLP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The conglomerate reported $1.50 EPS for the quarter. The business had revenue of $476.35 million for the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%.
Institutional Investors Weigh In On Steel Partners
A hedge fund recently raised its stake 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% in the fourth quarter, according to its most recent filing with the SEC. 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 filing with the SEC. 50.75% of the stock is owned by institutional investors and hedge funds.
About Steel Partners
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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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