Stock analysts at StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.
Steel Partners Stock Performance
Shares of SPLP stock opened at $41.75 on Tuesday. The stock has a market cap of $851.41 million, a price-to-earnings ratio of 6.11 and a beta of 1.35. The stock has a 50-day moving average of $39.74 and a 200-day moving average of $38.29. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. Steel Partners has a 1-year low of $33.12 and a 1-year high of $43.51.
Steel Partners (NYSE:SPLP – Get Free Report) last released its earnings results on Wednesday, August 7th. The conglomerate reported $4.85 EPS for the quarter. The business 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 Inflows and Outflows
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.
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