Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Steel Partners Holdings LP before investing.

In this article, we go over a few key elements for understanding Steel Partners Holdings LP’s stock price such as:

• Steel Partners Holdings LP’s current stock price and volume
• Why Steel Partners Holdings LP’s stock price changed recently
• Upgrades and downgrades for SPLP from analysts
• SPLP’s stock price momentum as measured by its relative strength

About Steel Partners Holdings LP (SPLP)

Before we jump into Steel Partners Holdings LP’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Steel Partners Holdings L.P. is a diversified global holding company. It owns and operates businesses and has interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. Its segments include Diversified Industrial, Energy, Financial Services and Supply Chain. The Diversified Industrial segment consists of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and a packaging business. The Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business. Financial Services segment consists primarily of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities. The Supply Chain segment provides supply chain management and logistics services.

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Steel Partners Holdings LP’s Stock Price as of Market Close

As of June 10, 2024, 3:59 PM, CST, Steel Partners Holdings LP’s stock price was $36.63.

Steel Partners Holdings LP is down 4.86% from its previous closing price of $38.50.

During the last market session, Steel Partners Holdings LP’s stock traded between $0.00 and $0.00. Currently, there are 20.76 million shares of Steel Partners Holdings LP stock available for purchase.

Steel Partners Holdings LP’s price-earnings (P/E) ratio is currently at 5.6, which is low compared to the Metals & Mining - Iron & Steel industry median of 13.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Steel Partners Holdings LP Stock Price History

Steel Partners Holdings LP’s (SPLP) price is currently down 6.08% so far this month.

During the month of June, Steel Partners Holdings LP’s stock price has reached a high of $40.00 and a low of $0.00.

Over the last year, Steel Partners Holdings LP has hit prices as high as $48.00 and as low as $33.12. Year to date, Steel Partners Holdings LP’s stock is down 14.42%.

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What Caused Steel Partners Holdings LP Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 07, 2024, there were analysts who downgraded Steel Partners Holdings LP’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Steel Partners Holdings LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Steel Partners Holdings LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Steel Partners Holdings LP’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Steel Partners Holdings LP (SPLP) by visiting AAII Stock Evaluator.

Relative Price Strength of Steel Partners Holdings LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 07, 2024, Steel Partners Holdings LP has a weighted four-quarter relative price strength of -5.66%, which translates to a Momentum Score of 50 and is considered to be Average.

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Steel Partners Holdings LP Stock Price: Bottom Line

As of June 10, 2024, Steel Partners Holdings LP’s stock price is $36.63, which is down 4.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Steel Partners Holdings LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.