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

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

Sypris Solutions Stock Performance

Sypris Solutions stock opened at $1.61 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $3.72. The stock’s 50-day moving average is $1.89 and its 200-day moving average is $1.74. The company has a market cap of $37.07 million, a price-to-earnings ratio of -12.38 and a beta of 1.08.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Thursday, March 27th. The auto parts company reported $0.01 earnings per share for the quarter. The business had revenue of $33.45 million during the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Institutional Investors Weigh In On Sypris Solutions

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

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.