Insider Buying: Sypris Solutions Director Purchases 20,000 Shares of Stock (SYPR)
Sypris Solutions (NASDAQ:SYPR) Director Gary L. Convis acquired 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of $5.19 per share, for a total transaction of $103,800.00. Following the completion of the purchase, the director now directly owns 26,000 shares in the company, valued at approximately $134,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sypris Solutions (NASDAQ:SYPR) traded up 6.14% on Thursday, hitting $6.05. 435,052 shares of the company’s stock traded hands. Sypris Solutions has a 1-year low of $2.52 and a 1-year high of $5.83. The stock’s 50-day moving average is $3.68 and its 200-day moving average is $3.12. The company’s market cap is $117.5 million.
Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.09. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $79.50 million. On average, analysts predict that Sypris Solutions will post $0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Investors of record on Friday, June 20th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, June 18th.
Sypris Solutions, Inc (NASDAQ:SYPR) is a provider of outsourced services and specialty products.
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