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

Research analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research note issued on Monday. The firm set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Price Performance

NYSE:SPLP opened at $40.00 on Monday. Steel Partners has a 52 week low of $33.12 and a 52 week high of $43.51. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $815.72 million, a P/E ratio of 5.86 and a beta of 1.35. The stock’s fifty day moving average is $39.22 and its two-hundred day moving average is $38.23.

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

Institutional Investors Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. lifted its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 22.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,500 shares of the conglomerate’s stock after buying an additional 2,300 shares during the quarter. Teton Advisors Inc. owned approximately 0.06% of Steel Partners worth $496,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.75% of the company’s stock.

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.