Steel Partners Holdings Upgraded to “Buy” at TheStreet (SPLP)
Steel Partners Holdings (NASDAQ:SPLP) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports.
The analysts wrote, “Steel Partner Holdings (SPLP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Steel Partners Holdings (NASDAQ:SPLP) traded up 0.06% during mid-day trading on Tuesday, hitting $16.74. The stock had a trading volume of 7,622 shares. Steel Partners Holdings has a 52-week low of $12.50 and a 52-week high of $17.70. The stock has a 50-day moving average of $16.33 and a 200-day moving average of $16.35. The company has a market cap of $515.5 million and a P/E ratio of 26.43.
Steel Partners Holdings (NASDAQ:SPLP) last announced its earnings results on Wednesday, March 12th. The company reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $192.90 million for the quarter, compared to the consensus estimate of $162.90 million.
Steel Partners Holdings L.P. (NASDAQ:SPLP) is a global diversified holding company.
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