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

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.25 and traded as high as $3.77. Sypris Solutions shares last traded at $3.50, with a volume of 613,158 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sypris Solutions Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.50 and a current ratio of 1.54. The firm has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $2.25. The company has a market capitalization of $80.61 million, a PE ratio of -35.00 and a beta of 0.74.

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