Steel Partners (NYSE:SPLP) Trading Up 0.5%

Steel Partners Holdings LP (NYSE:SPLP) shares were up 0.5% during trading on Thursday . The company traded as high as $7.20 and last traded at $6.20. Approximately 1,400 shares traded hands during trading, a decline of 92% from the average daily volume of 17,321 shares. The stock had previously closed at $6.17.

The business has a 50-day simple moving average of $6.76 and a 200 day simple moving average of $5.78. The firm has a market cap of $167.41 million, a P/E ratio of -1.74 and a beta of 1.29. The company has a debt-to-equity ratio of 5.61, a quick ratio of 0.97 and a current ratio of 1.19.

Steel Partners (NYSE:SPLP) last released its quarterly earnings results on Monday, August 10th. The conglomerate reported ($0.02) EPS for the quarter. The business had revenue of $295.44 million for the quarter. Steel Partners had a negative net margin of 6.87% and a negative return on equity of 13.39%.

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL raised its holdings in shares of Steel Partners Holdings LP (NYSE:SPLP) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,536 shares of the conglomerate’s stock after purchasing an additional 3,100 shares during the period. Gamco Investors INC. ET AL owned approximately 0.13% of Steel Partners worth $171,000 at the end of the most recent quarter. Institutional investors own 28.83% of the company’s stock.

About Steel Partners (NYSE:SPLP)

Steel Partners Holdings L.P., through 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.

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