Sypris Solutions (NASDAQ:SYPR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Sypris Solutions, Inc. (NASDAQ:SYPR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.98 and traded as high as $3.33. Sypris Solutions shares last traded at $3.11, with a volume of 216,006 shares.

Analysts Set New Price Targets

Several analysts have recently issued reports on SYPR shares. Wall Street Zen cut Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sypris Solutions has a consensus rating of “Sell”.

Sypris Solutions Stock Down 6.9%

The company has a fifty day moving average of $3.26 and a two-hundred day moving average of $2.98. The company has a market cap of $71.56 million, a PE ratio of -7.40 and a beta of 0.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 1.20.

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

Institutional Trading of Sypris Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Sypris Solutions during the 4th quarter valued at $25,000. Jane Street Group LLC purchased a new stake in Sypris Solutions during the 4th quarter valued at $31,000. Dimensional Fund Advisors LP raised its holdings in Sypris Solutions by 33.0% during 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. purchased a new stake in Sypris Solutions during the 1st quarter valued at $505,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

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.