Steel Partners (NYSE:SPLP) Receives New Coverage from Analysts at StockNews.com

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

Steel Partners Trading Up 2.1 %

Shares of SPLP opened at $36.50 on Wednesday. The stock’s fifty day simple moving average is $37.87 and its 200-day simple moving average is $10,210.22. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $744.24 million, a PE ratio of 5.69 and a beta of 1.30. Steel Partners has a 12-month low of $33.12 and a 12-month high of $48.00.

Steel Partners (NYSE:SPLP) last released its earnings results on Friday, March 8th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter. Steel Partners had a net margin of 7.92% and a return on equity of 16.41%. The company had revenue of $466.91 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. increased its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,200 shares of the conglomerate’s stock after buying an additional 400 shares during the quarter. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 as of its most recent SEC filing. 50.75% of the stock is 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.