Steel Partners (NYSE:SPLP) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP) in a report published on Monday. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Stock Performance

SPLP opened at $36.50 on Monday. The company has a market cap of $744.34 million, a PE ratio of 5.34 and a beta of 1.34. The stock has a 50-day moving average of $37.83 and a 200-day moving average of $10,209.90. Steel Partners has a 52-week low of $33.12 and a 52-week high of $48.00. 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 (NYSE:SPLP) last released its quarterly earnings results on Wednesday, May 8th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter. The company had revenue of $476.35 million during the quarter. Steel Partners had a return on equity of 16.61% and a net margin of 8.27%.

Institutional Trading of 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 22.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the conglomerate’s stock after purchasing an additional 2,300 shares during the quarter. Teton Advisors Inc. owned about 0.06% of Steel Partners worth $496,000 at the end of the most recent quarter. Institutional investors own 50.75% of the company’s stock.

About Steel Partners

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.