Steel Partners (NYSE:SPLP) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 3,692 shares traded hands during trading, an increase of 39% from the previous session’s volume of 2,660 shares.The stock last traded at $43.00 and had previously closed at $42.00.

Steel Partners Stock Performance

The stock has a fifty day moving average of $42.22 and a 200-day moving average of $41.68. 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 capitalization of $964.02 million, a PE ratio of 4.95 and a beta of 0.58.

Institutional Trading of Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL lifted its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP – Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,372 shares of the conglomerate’s stock after acquiring an additional 4,508 shares during the period. Gamco Investors INC. ET AL owned 0.53% of Steel Partners worth $4,157,000 at the end of the most recent reporting period. 50.75% of the stock is 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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