Steel Partners (NYSE:SPLP) Posts Earnings Results

Steel Partners (NYSE:SPLP) released its quarterly earnings data on Tuesday. The conglomerate reported $3.40 EPS for the quarter, Zacks reports. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.

Steel Partners Trading Up 1.1 %

NYSE:SPLP traded up $0.46 during trading hours on Tuesday, hitting $40.56. 1,811 shares of the stock were exchanged, compared to its average volume of 4,862. The company has a market capitalization of $778.14 million, a P/E ratio of 4.16 and a beta of 1.37. 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 company’s 50 day moving average is $41.35 and its two-hundred day moving average is $41.06. Steel Partners has a twelve month low of $34.55 and a twelve month high of $48.45.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Steel Partners in a report on Saturday. They set a “strong-buy” rating for the company.

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.