Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.06 and traded as high as $2.16. Sypris Solutions shares last traded at $2.11, with a volume of 15,780 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Sypris Solutions Stock Performance

The stock has a market cap of $48.59 million, a P/E ratio of -21.10 and a beta of 0.92. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 1.38.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings results on Wednesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. Sypris Solutions had a negative return on equity of 12.86% and a negative net margin of 1.86%.The company had revenue of $28.67 million during the quarter.

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.