Deltec Asset Management LLC Makes New Investment in Steel Connect, Inc. (NASDAQ:STCN)

Deltec Asset Management LLC acquired a new stake in Steel Connect, Inc. (NASDAQ:STCN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,597 shares of the technology company’s stock, valued at approximately $145,000.

Separately, Oddo BHF Asset Management Sas acquired a new position in Steel Connect in the 3rd quarter valued at $1,465,000. 47.28% of the stock is currently owned by institutional investors and hedge funds.

Steel Connect Stock Performance

STCN stock opened at $12.18 on Wednesday. The company has a fifty day moving average of $12.20 and a 200-day moving average of $11.43. Steel Connect, Inc. has a one year low of $7.36 and a one year high of $13.00. The stock has a market capitalization of $77.17 million, a PE ratio of 3.97 and a beta of 0.25.

Steel Connect (NASDAQ:STCN) last issued its quarterly earnings data on Thursday, December 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Steel Connect had a return on equity of 14.59% and a net margin of 50.53%.

Steel Connect Company Profile

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.