Steel Partners (NYSE:SPLP) Research Coverage Started at StockNews.com

Analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research report issued on Wednesday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Trading Up 2.1 %

Steel Partners stock opened at $36.50 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a market capitalization of $744.24 million, a PE ratio of 5.69 and a beta of 1.30. The business’s fifty day moving average is $37.87 and its 200 day moving average is $10,210.22. Steel Partners has a one year low of $33.12 and a one year high of $48.00.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Friday, March 8th. The conglomerate reported $1.75 earnings per share for the quarter. Steel Partners had a net margin of 7.92% and a return on equity of 16.41%. The firm had revenue of $466.91 million during the quarter.

Institutional Investors Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. boosted its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,200 shares of the conglomerate’s stock after buying an additional 400 shares during the quarter. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 at the end of the most recent quarter. 50.75% of the stock is currently owned by institutional investors.

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.