Stock analysts at StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP – Get Rating) in a research report issued on Sunday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.
Steel Partners Stock Performance
Shares of SPLP stock opened at $43.55 on Friday. The stock has a 50-day moving average of $42.63 and a 200-day moving average of $42.32. Steel Partners has a one year low of $32.01 and a one year high of $47.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 1.04. The stock has a market cap of $943.03 million, a PE ratio of 6.78 and a beta of 1.35.
Steel Partners (NYSE:SPLP – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The conglomerate reported $1.45 EPS for the quarter. Steel Partners had a return on equity of 13.54% and a net margin of 9.50%. The company had revenue of $425.67 million during the quarter.
Hedge Funds Weigh In On Steel Partners
Steel Partners Company Profile
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.
- Get a free copy of the StockNews.com research report on Steel Partners (SPLP)
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