Sypris Solutions (NASDAQ:SYPR) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued on Thursday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $1.88 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 0.41. The company has a market cap of $42.82 million, a PE ratio of -11.06 and a beta of 0.91. The business has a 50 day moving average of $1.55 and a 200 day moving average of $1.78. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) EPS for the quarter. The business had revenue of $35.55 million for the quarter. Sypris Solutions had a negative net margin of 2.61% and a negative return on equity of 16.73%.

Hedge Funds Weigh In On Sypris Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in SYPR. Williams & Novak LLC bought a new position in Sypris Solutions in the fourth quarter worth $8,471,000. Dynamic Advisor Solutions LLC raised its holdings in Sypris Solutions by 3.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock worth $6,852,000 after purchasing an additional 134,802 shares in the last quarter. Finally, Barlow Wealth Partners Inc. bought a new position in Sypris Solutions in the fourth quarter worth $51,000. Institutional investors own 44.66% of the company’s stock.

Sypris Solutions Company Profile

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.