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

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

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $1.70 on Friday. The company has a market cap of $39.13 million, a P/E ratio of -13.08 and a beta of 0.96. The company’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.75. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 12-month low of $1.28 and a 12-month high of $3.72.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings data on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $33.45 million during the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC acquired a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 44.66% of the company’s stock.

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.