Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report released on Wednesday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

NASDAQ SYPR opened at $1.56 on Wednesday. The company has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $1.70. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30. The stock has a market cap of $35.53 million, a price-to-earnings ratio of -9.18 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 0.41.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings data on Wednesday, May 15th. The auto parts company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $35.55 million during 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

A number of hedge funds and other institutional investors have recently modified their holdings of SYPR. Dynamic Advisor Solutions LLC increased its stake in Sypris Solutions by 3.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock valued at $6,852,000 after buying an additional 134,802 shares during the period. Williams & Novak LLC boosted its holdings 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 valued at $8,158,000 after acquiring an additional 75,831 shares in the last quarter. Finally, Barlow Wealth Partners Inc. acquired a new position in shares of Sypris Solutions during the fourth quarter valued at approximately $51,000. 44.66% of the stock is currently owned by institutional investors.

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.