Steel Partners (NYSE:SPLP) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP) in a research note released on Saturday. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Price Performance

Shares of SPLP opened at $37.50 on Friday. The firm has a 50 day simple moving average of $37.57 and a two-hundred day simple moving average of $6,816.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 1.13. Steel Partners has a one year low of $33.12 and a one year high of $47.96. The company has a market cap of $764.63 million, a P/E ratio of 5.49 and a beta of 1.36.

Steel Partners (NYSE:SPLP) last posted its quarterly earnings results on Wednesday, May 8th. The conglomerate reported $1.50 EPS for the quarter. Steel Partners had a return on equity of 16.61% and a net margin of 8.27%. The company had revenue of $476.35 million during the quarter.

Institutional Investors Weigh In On Steel Partners

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