Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

Separately, TheStreet lowered shares of Sypris Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, February 20th.

Sypris Solutions Trading Down 1.8 %

NASDAQ:SYPR opened at $1.66 on Tuesday. Sypris Solutions has a 12 month low of $1.52 and a 12 month high of $2.30. The stock has a market capitalization of $37.19 million, a price-to-earnings ratio of -20.75 and a beta of 0.91. The firm has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $1.91. The company has a current ratio of 1.20, a quick ratio of 0.31 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Sypris Solutions by 5.7% during the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after purchasing an additional 26,000 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Sypris Solutions during the first quarter valued at about $4,939,000. Virtu Financial LLC bought a new position in shares of Sypris Solutions during the first quarter valued at about $53,000. Dimensional Fund Advisors LP lifted its position in shares of Sypris Solutions by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 13,389 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Sypris Solutions by 4.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock valued at $8,599,000 after purchasing an additional 176,805 shares in the last quarter. 44.66% of the stock is owned by institutional investors.

About Sypris Solutions

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.