StockNews.com Begins Coverage on Sypris Solutions (NASDAQ:SYPR)

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPRGet Free Report) in a note issued to investors on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Up 0.6%

Shares of NASDAQ SYPR opened at $1.64 on Wednesday. The business has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.77. Sypris Solutions has a 52 week low of $1.30 and a 52 week high of $3.72. The company has a market cap of $37.69 million, a P/E ratio of -12.62 and a beta of 0.95. 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 (NASDAQ:SYPRGet Free Report) last released its quarterly earnings results on Wednesday, May 14th. The auto parts company reported ($0.04) earnings per share for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%. The business had revenue of $29.51 million during the quarter.

Institutional Trading of Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent SEC filing. Institutional investors and hedge funds own 44.66% of the company’s stock.

Sypris Solutions Company Profile

(Get Free Report)

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.

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