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

Steel Partners Holdings L.P. (NYSE:SPLP)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $43.25, but opened at $47.00. Steel Partners shares last traded at $47.00, with a volume of 218 shares.

Steel Partners Trading Up 8.7%

The business has a fifty day moving average price of $42.22 and a 200 day moving average price of $41.71. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $938.07 million, a PE ratio of 4.82 and a beta of 0.58.

Institutional Investors Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL raised its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.53% of Steel Partners worth $4,157,000 at the end of the most recent reporting period. Institutional investors own 50.75% of the company’s stock.

Steel Partners Company Profile

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.