Sypris Solutions (NASDAQ:SYPR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.92 and traded as high as $3.22. Sypris Solutions shares last traded at $3.10, with a volume of 347,452 shares changing hands.

Wall Street Analyst Weigh In

SYPR has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sypris Solutions Stock Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 1.20. The stock has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $2.92. The stock has a market capitalization of $71.33 million, a price-to-earnings ratio of -7.38 and a beta of 0.87.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings results on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). Sypris Solutions had a negative return on equity of 54.45% and a negative net margin of 8.23%.The business had revenue of $25.81 million for the quarter, compared to analyst estimates of $22.70 million.

Institutional Trading of Sypris Solutions

Large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at about $31,000. XTX Topco Ltd acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at about $25,000. Dimensional Fund Advisors LP grew its stake in shares of Sypris Solutions by 33.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock valued at $160,000 after buying an additional 13,975 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of Sypris Solutions in the 1st quarter valued at about $505,000. 44.66% of the stock is currently owned by institutional investors and hedge funds.

About Sypris Solutions

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.