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

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

Steel Partners Price Performance

NYSE SPLP opened at $35.70 on Tuesday. 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 $727.92 million, a P/E ratio of 5.56 and a beta of 1.26. The company has a 50-day moving average price of $38.00 and a 200-day moving average price of $10,139.33. Steel Partners has a 52 week low of $33.12 and a 52 week 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 for the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%. The company had revenue of $466.91 million for the quarter.

Hedge Funds Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. increased its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,800 shares of the conglomerate’s stock after buying an additional 318 shares during the period. Teton Advisors Inc.’s holdings in Steel Partners were worth $417,000 at the end of the most recent quarter. 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.