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

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

Steel Partners Price Performance

Steel Partners stock opened at $38.94 on Tuesday. Steel Partners has a fifty-two week low of $33.12 and a fifty-two week high of $45.00. The firm has a market capitalization of $794.16 million, a PE ratio of 5.70 and a beta of 1.36. The company’s 50-day moving average is $37.05 and its 200-day moving average is $37.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.15.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Wednesday, August 7th. The conglomerate reported $4.85 earnings per share (EPS) for the quarter. The company had revenue of $533.16 million during the quarter. Steel Partners had a return on equity of 21.44% and a net margin of 11.04%.

Institutional Trading of Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. boosted its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period. 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.