Steel Partners (NYSE:SPLP) Sees Strong Trading Volume - Time to Buy?

Get Steel Partners alerts:Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 3,692 shares changed 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 Trading Up 2.4%The firm has a market cap of $858.24 million, a P/E ratio of 4.41 and a beta of 0.58. The business's 50 day moving average is $42.10 and its 200-day moving average is $41.60. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. Institutional Inflows and OutflowsA hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL grew its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,372 shares of the conglomerate's stock after acquiring an additional 4,508 shares during the quarter. Gamco Investors INC. ET AL owned about 0.53% of Steel Partners worth $4,157,000 as of its most recent filing with the SEC. 50.75% of the stock is currently owned by hedge funds and other 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.Read MoreFive stocks we like better than Steel Partners10 Best Airline Stocks to BuyThe Quantum Fleet: Investing in the New Quantum StandardStock Analyst Ratings and Canadian Analyst RatingsAST SpaceMobile Gears Up for Its BlueBird 6 Launch Next WeekETF Screener: Uses and Step-by-Step Guide AI & Quantum's Next Big Winners: 3 Small-Cap Stocks to Watch in 2026This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Steel Partners Right Now?Before you consider Steel Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steel Partners wasn't on the list.While Steel Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here