From MarketBeat:

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) are undergoing a 1-12500 reverse split on Friday, January 12th, causing shares to trade lower. On Wednesday, the stock opened at $38.01 with a market cap of $810.00 million and a P/E ratio of 5.07. The company reported $0.00 EPS and $492.25 million in revenue in its latest results. Steel Partners last released its earnings results on Thursday, November 9th. (NYSE:SPLP) has a “strong-buy” rating from StockNews.com. Institutional investors and hedge funds own 90.65% of the company’s stock. Steel Partners Holdings L.P. operates through Diversified Industrial, Energy, and Financial Services segments. This news alert was generated by narrative science technology and reviewed by MarketBeat’s editorial team prior to publication. MarketBeat has not included Steel Partners on its list of recommended stocks. The company currently holds a “hold” rating among analysts.



Read more: Steel Partners Stock Set to Reverse Split on Friday, January 12th (NYSE:SPLP)