Steel Partners (NYSE:SPLP) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.68 and traded as high as $50.10. Steel Partners shares last traded at $50.00, with a volume of 15,907 shares traded.

Steel Partners Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market cap of $1.00 billion, a P/E ratio of 5.13 and a beta of 0.54. The stock has a 50-day simple moving average of $46.81 and a 200-day simple moving average of $43.68.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL grew its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,648 shares of the conglomerate’s stock after purchasing an additional 3,276 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.52% of Steel Partners worth $4,139,000 as of its most recent filing with the SEC. 50.75% of the stock is currently owned by institutional investors.

Steel Partners Company Profile

Steel Partners Holdings L.P. (NYSE:SPLP) is a diversified holding company founded in 1990 by Robert P. Steel. Through a collection of operating subsidiaries, the firm invests in and manages businesses across a range of industries, including steel and metal manufacturing, precision machining, performance materials, and equipment distribution. In addition to its core industrial operations, Steel Partners maintains interests in real estate, transportation services, dental support, and digital imaging solutions, reflecting a strategy of building value through diversified assets.

Headquartered in New York, Steel Partners conducts operations through regional offices, manufacturing plants and distribution centers located throughout the United States, Canada and selected European markets.