Steel Partners (NYSE:SPLP) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Steel Partners Holdings L.P. (NYSE:SPLP)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.68 and traded as high as $50.10. Steel Partners shares last traded at $50.00, with a volume of 15,907 shares trading hands.

Steel Partners Stock Performance

The company has a market cap of $1.00 billion, a PE ratio of 5.13 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a 50 day simple moving average of $46.81 and a two-hundred day simple moving average of $43.70.

Hedge Funds Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL raised its holdings in Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,648 shares of the conglomerate’s stock after acquiring an additional 3,276 shares during the quarter. Gamco Investors INC. ET AL owned about 0.52% of Steel Partners worth $4,139,000 at the end of the most recent quarter. 50.75% of the stock is currently owned by institutional investors.

About Steel Partners

Steel Partners Holdings L.P. (NYSE:SPLP) is a diversified holding company founded in 1990 by Robert P. Steel. Through a collection of operating subsidiaries, the firm invests in and manages businesses across a range of industries, including steel and metal manufacturing, precision machining, performance materials, and equipment distribution. In addition to its core industrial operations, Steel Partners maintains interests in real estate, transportation services, dental support, and digital imaging solutions, reflecting a strategy of building value through diversified assets.

Headquartered in New York, Steel Partners conducts operations through regional offices, manufacturing plants and distribution centers located throughout the United States, Canada and selected European markets.