Steel Partners (NYSE:SPLP) Research Coverage Started at

Analysts at started coverage on shares of Steel Partners (NYSE:SPLPGet Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Stock Performance

Shares of SPLP opened at $35.75 on Thursday. The stock’s 50-day simple moving average is $37.67 and its 200 day simple moving average is $10,138.50. The stock has a market capitalization of $728.94 million, a price-to-earnings ratio of 5.23 and a beta of 1.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.24. Steel Partners has a 52-week low of $33.12 and a 52-week high of $47.96.

Steel Partners (NYSE:SPLPGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter. The business had revenue of $476.35 million for the quarter. Steel Partners had a return on equity of 16.61% and a net margin of 8.27%.

Hedge Funds Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. grew its position in shares of Steel Partners Holdings L.P. (NYSE:SPLPFree Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,200 shares of the conglomerate’s stock after purchasing an additional 400 shares during the quarter. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 as of its most recent SEC filing. 50.75% of the stock is owned by institutional investors.

Steel Partners Company Profile

(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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