Headlines about Steel Partners (NYSE:SPLP) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steel Partners earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.2068093196854 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
SPLP stock traded down $0.05 during trading on Tuesday, hitting $17.65. 650 shares of the company’s stock traded hands, compared to its average volume of 11,325. The company has a current ratio of 2.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.73. Steel Partners has a 52 week low of $17.45 and a 52 week high of $20.70.
Steel Partners (NYSE:SPLP) last released its earnings results on Friday, March 9th. The conglomerate reported ($0.55) earnings per share for the quarter. The business had revenue of $335.28 million for the quarter.
Separately, ValuEngine lowered shares of Steel Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th.
In other news, President Jack L. Howard sold 5,900 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $20.37, for a total transaction of $120,183.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 51.60% of the stock is currently owned by corporate insiders.
Steel Partners Company Profile
Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; manufactures and supplies fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and manufactures sheet and mechanically formed glass, quartz, carbon, and aramid materials for specialty applications.
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