StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP – Free Report) in a research note released on Monday. The firm issued a strong-buy rating on the conglomerate’s stock.
Steel Partners Trading Down 1.2 %
Shares of SPLP stock opened at $36.98 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. The stock has a market cap of $754.02 million, a P/E ratio of 5.76 and a beta of 1.26. The stock has a 50 day simple moving average of $38.06 and a 200 day simple moving average of $10,139.54. Steel Partners has a 1 year low of $33.12 and a 1 year high of $48.00.
Steel Partners (NYSE:SPLP – Get Free Report) last issued its quarterly earnings results on Friday, March 8th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter. The business had revenue of $466.91 million during the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%.
Institutional Investors Weigh In On Steel Partners
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.
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