StockNews.com Begins Coverage on Sypris Solutions (NASDAQ:SYPR)

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report issued on Saturday. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of NASDAQ:SYPR opened at $1.85 on Friday. The firm has a market capitalization of $42.13 million, a PE ratio of -10.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.16 and a quick ratio of 0.36. The business has a 50-day moving average of $1.66 and a two-hundred day moving average of $1.77. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) EPS for the quarter. The firm had revenue of $35.55 million for the quarter. Sypris Solutions had a negative return on equity of 16.73% and a negative net margin of 2.61%.

Institutional Investors Weigh In On Sypris Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Williams & Novak LLC boosted its position in shares of Sypris Solutions by 1.8% in the second quarter. Williams & Novak LLC now owns 4,248,719 shares of the auto parts company’s stock worth $8,158,000 after buying an additional 75,831 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Sypris Solutions by 3.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock valued at $6,852,000 after purchasing an additional 134,802 shares during the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new position in Sypris Solutions in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Sypris Solutions Company Profile

Sypris Solutions, Inc engages in the provision of truck components, oil and gas pipeline components, and aerospace and defense electronics. It operates through Sypris Technologies and Sypris Electronics segments. The Sypris Technologies segment is involved in selling of forged, machined, welded, and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications.