Steel Partners (NYSE:SPLP) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $45.00, but opened at $43.7550. Steel Partners shares last traded at $43.6969, with a volume of 513 shares traded.

Steel Partners Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The stock has a market cap of $866.82 million, a P/E ratio of 4.45 and a beta of 0.58. The firm has a 50 day moving average price of $42.23 and a 200 day moving average price of $41.75.

Institutional Trading of Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL increased its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP – Free Report) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,648 shares of the conglomerate’s stock after purchasing an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned 0.52% of Steel Partners worth $4,139,000 at the end of the most recent reporting period. 50.75% of the stock is currently owned by institutional investors.

About Steel Partners

(Get Free Report)

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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