Sypris Solutions (NASDAQ:SYPR) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.20 and traded as high as $4.28. Sypris Solutions shares last traded at $3.62, with a volume of 757,721 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sypris Solutions currently has a consensus rating of “Sell”.

Sypris Solutions Trading Down 7.2%

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 company has a market cap of $83.37 million, a P/E ratio of -36.20 and a beta of 0.74. The business has a 50-day moving average price of $2.44 and a two-hundred day moving average price of $2.20.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings data on Wednesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. Sypris Solutions had a negative return on equity of 11.91% and a negative net margin of 1.87%.The firm had revenue of $28.67 million during the quarter.

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.