Steel Partners (NYSE:SPLP) Trading Up 6.6% – Still a Buy?

Steel Partners Holdings L.P. (NYSE:SPLP) shot up 6.6% on Friday . The company traded as high as $40.20 and last traded at $42.00. 181 shares changed hands during trading, a decline of 90% from the average session volume of 1,875 shares. The stock had previously closed at $39.40.

Wall Street Analyst Weigh In

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

Steel Partners Price Performance

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 company’s fifty day moving average is $42.00 and its two-hundred day moving average is $40.28. The stock has a market cap of $805.35 million, a price-to-earnings ratio of 4.31 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 (EPS) for the quarter. The firm had revenue of $520.42 million for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. De Lisle Partners LLP grew its stake in Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,877 shares of the conglomerate’s stock after buying 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 SEC. 50.75% of the stock is owned by institutional investors and hedge funds.

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.