Steel Partners (NYSE:SPLP) Shares Gap Up – Should You Buy?

Steel Partners Holdings L.P. (NYSE:SPLP) shares gapped up prior to trading on Monday . The stock had previously closed at $39.40, but opened at $40.20. Steel Partners shares last traded at $42.02, with a volume of 181 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Steel Partners in a report on Monday, January 27th. They set a “strong-buy” rating on the stock.

Steel Partners Price Performance

The company has a fifty day moving average price of $42.02 and a two-hundred day moving average price of $40.37. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $805.56 million, a P/E ratio of 4.31 and a beta of 1.38.

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

Institutional Trading of Steel Partners

A hedge fund recently raised its position in Steel Partners stock. De Lisle Partners LLP increased its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,877 shares of the conglomerate’s stock after purchasing an additional 10,377 shares during the quarter. De Lisle Partners LLP owned approximately 0.12% of Steel Partners worth $924,000 as of its most recent SEC filing. Institutional investors and hedge funds own 50.75% of the company’s stock.

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.