Sypris Solutions (NASDAQ:SYPR) Cut to Sell at Wall Street Zen

Sypris Solutions (NASDAQ:SYPR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $2.84 on Friday. The firm has a market cap of $65.41 million, a PE ratio of -10.14 and a beta of 0.75. Sypris Solutions has a twelve month low of $1.51 and a twelve month high of $4.74. The company has a quick ratio of 0.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $3.31 and a 200 day moving average price of $2.61.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings results on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.15). Sypris Solutions had a negative return on equity of 33.01% and a negative net margin of 5.29%.The business had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $21.70 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sypris Solutions stock. XTX Topco Ltd acquired a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. 44.66% of the stock is owned by institutional investors.

Sypris Solutions Company Profile

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.