Steel Partners (NYSE:SPLP) Releases Earnings Results

Steel Partners (NYSE:SPLP) posted its quarterly earnings data on Tuesday. The conglomerate reported $3.40 earnings per share for the quarter, Zacks reports. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.

Steel Partners Trading Up 1.1 %

Shares of Steel Partners stock traded up $0.46 on Tuesday, reaching $40.56. 1,761 shares of the company’s stock were exchanged, compared to its average volume of 4,862. The firm’s 50-day moving average is $41.35 and its two-hundred day moving average is $41.06. The company has a market capitalization of $778.14 million, a P/E ratio of 4.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. Steel Partners has a 52 week low of $34.55 and a 52 week high of $48.45.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Steel Partners in a report on Saturday. They set a “strong-buy” rating for the company.

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.