Sypris Solutions, Inc. (NASDAQ:SYPR) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 6,800 shares, a decline of 11.7% from the June 30th total of 7,700 shares. Based on an average daily volume of 47,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
SYPR stock opened at $1.09 on Friday. Sypris Solutions has a fifty-two week low of $0.54 and a fifty-two week high of $2.15. The business’s 50 day moving average price is $0.80 and its two-hundred day moving average price is $0.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.76 and a current ratio of 1.50. The company has a market capitalization of $23.23 million, a price-to-earnings ratio of -21.80 and a beta of 0.95.
Sypris Solutions (NASDAQ:SYPR) last posted its earnings results on Wednesday, May 20th. The auto parts company reported ($0.01) earnings per share for the quarter. Sypris Solutions had a negative return on equity of 9.15% and a negative net margin of 1.34%. The firm had revenue of $22.43 million for the quarter.
Separately, Needham & Company LLC reiterated a “hold” rating on shares of Sypris Solutions in a report on Thursday, April 9th.
A hedge fund recently raised its stake in Sypris Solutions stock. Renaissance Technologies LLC lifted its stake in Sypris Solutions, Inc. (NASDAQ:SYPR) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,497 shares of the auto parts company’s stock after purchasing an additional 14,800 shares during the quarter. Renaissance Technologies LLC owned about 2.93% of Sypris Solutions worth $486,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 7.05% of the company’s stock.
About Sypris Solutions
Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.
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