Sypris Solutions (NASDAQ:SYPR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.92 and traded as high as $3.22. Sypris Solutions shares last traded at $3.10, with a volume of 347,452 shares trading hands.

Analyst Upgrades and Downgrades

SYPR has been the topic of several recent analyst reports. Wall Street Zen cut shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sypris Solutions Price Performance

The business’s 50-day moving average price is $3.24 and its 200 day moving average price is $2.92. The stock has a market capitalization of $71.33 million, a PE ratio of -7.38 and a beta of 0.87. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 1.20.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings results on Tuesday, May 19th. The auto parts company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). The firm had revenue of $25.81 million for the quarter, compared to analysts’ expectations of $22.70 million. Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SYPR. Jane Street Group LLC purchased a new position in shares of Sypris Solutions during the 4th quarter valued at $31,000. XTX Topco Ltd purchased a new position in shares of Sypris Solutions during the 4th quarter valued at $25,000. Dimensional Fund Advisors LP grew its position in shares of Sypris Solutions by 33.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 13,975 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Sypris Solutions during the 1st quarter valued at $505,000. 44.66% of the stock is currently owned by hedge funds and other institutional investors.

Sypris Solutions Company Profile

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.