Sypris Solutions (NASDAQ:SYPR) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued on Wednesday. The brokerage 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 report on Tuesday, February 20th.

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.53 on Wednesday. The firm’s 50 day moving average price is $1.74 and its 200-day moving average price is $1.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.31 and a current ratio of 1.20. Sypris Solutions has a one year low of $1.49 and a one year high of $2.30. The firm has a market cap of $34.29 million, a P/E ratio of -19.13 and a beta of 0.91.

Hedge Funds Weigh In On Sypris Solutions

Several large investors have recently made changes to their positions in SYPR. Barlow Wealth Partners Inc. acquired a new position in shares of Sypris Solutions in the 4th quarter worth approximately $51,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Sypris Solutions by 3.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock worth $6,852,000 after acquiring an additional 134,802 shares during the last quarter. Finally, Williams & Novak LLC purchased a new stake in Sypris Solutions during the 4th quarter worth approximately $8,471,000. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.