Steel Partners (NYSE:SPLP) Sees Large Volume Increase – What’s Next?

Steel Partners Holdings L.P. (NYSE:SPLP) saw unusually-high trading volume on Wednesday . 2,672 shares traded hands during trading, an increase of 10% from the previous session’s volume of 2,430 shares.The stock last traded at $38.37 and had previously closed at $40.20.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Steel Partners in a research report on Monday. They issued a “strong-buy” rating for the company.

Steel Partners Stock Up 4.0 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The company has a 50 day moving average price of $42.00 and a 200-day moving average price of $40.28. The stock has a market capitalization of $785.92 million, a PE ratio of 4.20 and a beta of 1.39.

Steel Partners (NYSE:SPLP) last posted its earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The firm had revenue of $520.42 million for the quarter.

Hedge Funds Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. De Lisle Partners LLP increased its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,877 shares of the conglomerate’s stock after purchasing an additional 10,377 shares during the quarter. De Lisle Partners LLP owned 0.12% of Steel Partners worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 50.75% of the stock is currently owned by 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.