Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw strong trading volume on Tuesday . 2,645 shares changed hands during trading, a decline of 30% from the previous session's volume of 3,785 shares.The stock last traded at $35.93 and had previously closed at $35.98.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Steel Partners in a research note on Friday, April 25th. They issued a "strong-buy" rating for the company.
Check Out Our Latest Stock Report on Steel Partners
Steel Partners Trading Down 21.9 %
The company has a fifty day simple moving average of $38.80 and a two-hundred day simple moving average of $40.49. The company has a market capitalization of $517.08 million, a P/E ratio of 2.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share for the quarter. The business had revenue of $497.92 million for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.
Institutional Trading of Steel Partners
Large investors have recently modified their holdings of the company. Axxcess Wealth Management LLC acquired a new position in Steel Partners during the 1st quarter worth $330,000. Teton Advisors Inc. boosted its stake in Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 500 shares during the period. HighTower Advisors LLC grew its holdings in Steel Partners by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after buying an additional 577 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Steel Partners by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock worth $4,123,000 after buying an additional 3,300 shares during the period. 50.75% of the stock is owned by institutional investors.
Steel Partners Company Profile
(
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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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