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

Stock analysts at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Sypris Solutions stock opened at $1.88 on Friday. 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 has a 1 year low of $1.27 and a 1 year high of $2.30. The company has a market cap of $42.81 million, a PE ratio of -11.06 and a beta of 1.00. The company’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.76.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) earnings per share (EPS) for the quarter. Sypris Solutions had a negative net margin of 2.61% and a negative return on equity of 16.73%. The business had revenue of $35.55 million for the quarter.

Institutional Trading of Sypris Solutions

A number of hedge funds have recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its position in shares of Sypris Solutions by 3.2% in 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 acquiring an additional 134,802 shares during the period. Williams & Novak LLC raised its position in shares of Sypris Solutions by 1.8% in the 2nd 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 during the period. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at approximately $51,000. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.