Steel Partners (NYSE:SPLP) Research coverage started at StockNews.com

StockNews.com initiated coverage of the stock of Steel Partners (NYSE:SPLP – Free Report) in a report released Monday morning. The brokerage has issued a strong buy rating on the conglomerate’s stock.

Steel Partners stock rose 0.5%

SPLP opened at $39.84 on Monday. The firm has a 50 day simple moving average of $39.28 and a two hundred day simple moving average of $38.23. Steel Partners has a 52-week low of $33.12 and a 52-week high of $43.51. The company has a market cap of $812.39 million, a PE ratio of 5.86 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.26, and a debt-to-equity ratio of 0.08.

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

Institutional inputs and outputs

An institutional investor recently raised its position in shares of Steel Partners. Teton Advisors Inc. boosted its holdings in Steel Partners Holdings LP (NYSE:SPLP – Free Report) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the conglomerate’s stock after acquiring an additional 2,300 shares during the period. Teton Advisors Inc. owned 0.06% of Steel Partners worth $496,000 at the end of the most recent quarter. 50.75% of the shares are currently owned by institutional investors and hedge funds.

Steel Partners Company Profile

(Get a free report)

Steel Partners Holdings LP, together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics and youth businesses worldwide. It operates through diversified industrial, energy, financial services and supply chain segments. The company manufactures precious metals and alloys in brazing alloys; manufactures and sells seamless stainless steel 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 special applications.

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