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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Monday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Sypris Solutions stock opened at $1.65 on Monday. The stock has a market capitalization of $37.99 million, a price-to-earnings ratio of -12.69 and a beta of 1.08. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $3.72. The stock’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $1.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent filing with the SEC. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.