Steel Partners (NYSE:SPLP) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) passed 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 traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Steel Partners in a research report on Saturday. They issued a "strong-buy" rating for the company.

Steel Partners Stock Up 1.4 %

The firm's 50-day simple moving average is $38.70 and its 200-day simple moving average is $40.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market capitalization of $689.63 million, a price-to-earnings ratio of 3.69 and a beta of 1.01.

Steel Partners (NYSE:SPLP - Get Free Report) last released its earnings results 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 Inflows and Outflows

Large investors have recently modified their holdings of the company. Teton Advisors Inc. raised its stake in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after buying an additional 500 shares in the last quarter. HighTower Advisors LLC increased its stake in Steel Partners by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after acquiring an additional 577 shares during the period. Gamco Investors INC. ET AL raised its position in Steel Partners by 3.5% in the fourth 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 in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in Steel Partners during the first quarter valued at approximately $330,000. 50.75% of the stock is currently owned by institutional investors and hedge funds.

Steel Partners Company Profile

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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