Sypris Solutions (NASDAQ:SYPR) Earns Hold Rating from Analysts at StockNews.com

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

Sypris Solutions Stock Down 1.2 %

Shares of Sypris Solutions stock opened at $1.52 on Friday. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $2.30. The company has a 50 day moving average of $1.75 and a 200 day moving average of $1.68. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $34.94 million, a P/E ratio of -8.95 and a beta of 1.00.

Institutional Inflows and Outflows

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