Steel Partners (NYSE:SPLP) Stock Passes Below 200 Day Moving Average of $10,071.82

Steel Partners Holdings L.P. (NYSE:SPLPGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10,071.82 and traded as low as $37.25. Steel Partners shares last traded at $37.25, with a volume of 202 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Steel Partners in a report on Saturday. They set a “strong-buy” rating on the stock.

View Our Latest Stock Analysis on Steel Partners

Steel Partners Trading Up 1.2 %

The business’s fifty day simple moving average is $28,926.29 and its 200 day simple moving average is $10,071.82. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock has a market cap of $793.80 million, a P/E ratio of 4.97 and a beta of 1.27.

Steel Partners (NYSE:SPLPGet Free Report) last issued its earnings results on Thursday, November 9th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter. The company had revenue of $492.25 million for the quarter. Steel Partners had a net margin of 9.81% and a return on equity of 21.03%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Teton Advisors Inc. boosted its stake in shares of Steel Partners by 3.4% in the 3rd quarter. Teton Advisors Inc. now owns 9,800 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 318 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Steel Partners by 2.2% in the 3rd quarter. HighTower Advisors LLC now owns 24,065 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 522 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Steel Partners in the 1st quarter valued at about $122,000. Advisory Services Network LLC bought a new position in shares of Steel Partners in the 4th quarter valued at about $120,000. Finally, Steel Partners Holdings L.P. boosted its stake in shares of Steel Partners by 3.7% in the 2nd quarter. Steel Partners Holdings L.P. now owns 7,576,926 shares of the conglomerate’s stock valued at $359,904,000 after purchasing an additional 267,994 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.

About Steel Partners

(Get Free Report)

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services 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.

Further Reading

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