Steel Partners - SPLP Stock Forecast, Price & News

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services 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. It also designs, manufactures, and markets power electronics and protection, motion control, power quality electromagnetic equipment, custom ball-screws, and gears and gearboxes used in medical, commercial and military aerospace, computer, datacom, industrial, specialty LED lighting, test and measurement, and telecom applications. In addition, the company provides meat-room blade products, repair services, and distributed products for the meat and deli departments of supermarkets, restaurants, and meat and fish processing plants, as well as for electrical saws and cutting equipment distributors; cutting blades for bakeries; and wood cutting blade products for the pallet manufacturing, pallet recycler, and portable saw mill industries. Further, it manufactures and distributes coated, laminated and metallized films for imaging, aerospace, insulation and solar photo-voltaic markets; originates and funds consumer and small business loans; issues credit cards; takes deposits; participates in syndicated commercial and industrial, and asset based credit facilities and securitizations; and offers drilling and production services to the oil and gas industry. Steel Partners Holdings GP Inc. serves as the general partner of the company. The company was founded in 1990 and is based in New York, New York.

Steel Partners Stock Up 1.4 %

SPLP Stock traded up $0.59 on Monday, reaching $44.10. 600 shares of the company traded hands, compared to its average volume of 13,054. Steel Partners has a one year low of $27.37 and a one year high of $47.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.08. The company has a market cap of $960.37 million, a P/E ratio of 7.49 and a beta of 1.53. The firm has a fifty day simple moving average of $42.15 and a 200-day simple moving average of $41.41.

Steel Partners (NYSE:SPLP - Get Rating) last posted its earnings results on Friday, August 5th. The conglomerate reported $1.03 EPS for the quarter. The business had revenue of $441.41 million during the quarter. Steel Partners had a return on equity of 12.15% and a net margin of 8.85%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Steel Partners from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 8th.