Steel Partners (NYSE:SPLP) Stock Price Down 3.9%

Steel Partners Holdings L.P. (NYSE:SPLP)’s stock price traded down 3.9% during trading on Monday . The stock traded as low as $34.55 and last traded at $35.33. 1,451 shares traded hands during trading, a decline of 82% from the average session volume of 8,270 shares. The stock had previously closed at $36.75.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Steel Partners in a report on Monday, April 22nd. They issued a “strong-buy” rating on the stock.

Steel Partners Price Performance

The company has a 50-day moving average of $38.06 and a 200 day moving average of $10,210.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.27. The firm has a market cap of $724.05 million, a P/E ratio of 5.72 and a beta of 1.26.

Steel Partners (NYSE:SPLP) last announced 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 business had revenue of $466.91 million during the quarter.

Institutional Investors Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. increased its stake in Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the conglomerate’s stock after purchasing an additional 400 shares during the period. 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 hedge funds and other institutional investors.

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.