Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.45 and traded as high as $43.00. Steel Partners shares last traded at $36.01, with a volume of 13,308 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Steel Partners in a research report on Saturday, May 3rd. They set a "strong-buy" rating on the stock.
View Our Latest Report on SPLP
Steel Partners Price Performance
The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $40.37. The stock has a market capitalization of $708.59 million, a P/E ratio of 3.79 and a beta of 1.21.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. The company had revenue of $497.92 million for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.
Institutional Investors Weigh In On Steel Partners
A number of institutional investors and hedge funds have recently bought and sold shares of SPLP. HighTower Advisors LLC lifted its holdings in Steel Partners by 2.2% during the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock worth $1,149,000 after buying an additional 577 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock worth $4,123,000 after purchasing an additional 3,300 shares during the last quarter. Teton Advisors Inc. boosted its position in Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 500 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in Steel Partners in the first quarter valued at about $330,000. 50.75% of the stock is owned by 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.
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