Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 3,400 shares, a drop of 42.4% from the March 31st total of 5,900 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,400 shares, the short-interest ratio is presently 0.5 days.
Steel Partners Stock Performance
NYSE SPLP traded down $0.04 during trading hours on Friday, reaching $36.94. The company’s stock had a trading volume of 696 shares, compared to its average volume of 872. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $38.04 and a 200 day simple moving average of $10,069.38. Steel Partners has a 52 week low of $33.12 and a 52 week high of $48.00. The stock has a market cap of $753.21 million, a PE ratio of 5.75 and a beta of 1.26.
Steel Partners (NYSE:SPLP – Get Free Report) last released its quarterly earnings results on Friday, March 8th. The conglomerate reported $1.75 earnings per share for the quarter. The company had revenue of $466.91 million for the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%.
Institutional Investors Weigh In On Steel Partners
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Steel Partners in a report on Monday. They issued a “strong-buy” rating on the stock.
Check Out Our Latest Analysis on Steel Partners
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.
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