Steel Partners (NYSE:SPLP) Shares Gap Down - Time to Sell?

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $45.00, but opened at $43.7550. Steel Partners shares last traded at $43.6969, with a volume of 513 shares changing hands.Get Steel Partners alerts:Steel Partners Stock Down 3.5%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 has a market cap of $866.82 million, a PE ratio of 4.45 and a beta of 0.58. The company's fifty day moving average is $42.23 and its 200-day moving average is $41.75. Institutional Inflows and OutflowsA hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL lifted its stake in Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,648 shares of the conglomerate's stock after purchasing an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned 0.52% of Steel Partners worth $4,139,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 50.75% of the company's stock. Steel Partners Company Profile (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.Recommended StoriesFive stocks we like better than Steel PartnersUnveiling The Power Of VWAP: A Key Indicator For TradersMongoDB Could Hit Record Highs—But You’ll Need to Move FastTop Biotech Stocks: Exploring Innovation OpportunitiesDollar General's Turnaround Could Send the Stock Higher in 2026How to Invest in the Best Canadian Stocks Don’t Bet Against AppLovin: The Case Against the ShortsThis 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