StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP – Free Report) in a research note issued to investors on Monday. The brokerage issued a strong-buy rating on the conglomerate’s stock.
Steel Partners Trading Down 0.1 %
NYSE SPLP opened at $36.94 on Monday. The firm has a market capitalization of $753.21 million, a P/E ratio of 5.75 and a beta of 1.26. The business has a fifty day simple moving average of $38.04 and a 200 day simple moving average of $10,069.38. Steel Partners has a 12 month low of $33.12 and a 12 month high of $48.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21.
Steel Partners (NYSE:SPLP – Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter. The firm 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 Inflows and Outflows
About Steel Partners
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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