Sypris Solutions (NASDAQ:SYPR) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a note issued to investors on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $2.15 on Tuesday. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.72. The company has a 50-day moving average price of $1.82 and a 200 day moving average price of $1.68. The company has a market cap of $49.49 million, a P/E ratio of -16.54 and a beta of 1.04. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%. The business had revenue of $35.66 million during the quarter.

About Sypris Solutions

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.