Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.70 and traded as high as $2.40. Sypris Solutions shares last traded at $2.34, with a volume of 69,353 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Sypris Solutions in a research report on Thursday. They set a “hold” rating on the stock.

Sypris Solutions Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. The stock has a market capitalization of $53.18 million, a PE ratio of -17.77 and a beta of 1.07. The stock has a 50 day moving average of $1.97 and a two-hundred day moving average of $1.70.

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

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) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period. Institutional investors own 44.66% of the company’s stock.

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.