Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Monday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of NASDAQ SYPR opened at $1.63 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. Sypris Solutions has a 1 year low of $1.28 and a 1 year high of $3.72. The firm has a fifty day moving average price of $1.64 and a 200-day moving average price of $1.75. The stock has a market cap of $37.46 million, a PE ratio of -12.54 and a beta of 0.95.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 44.66% of the stock is owned by institutional investors and hedge funds.

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.