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

Analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a note issued to investors on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Down 0.0 %

Shares of NASDAQ SYPR opened at $1.36 on Monday. The stock has a market capitalization of $31.31 million, a price-to-earnings ratio of -10.46 and a beta of 1.01. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30. The firm has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.60. The company has a quick ratio of 0.45, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC lifted its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,248,719 shares of the auto parts company’s stock after buying an additional 75,831 shares during the quarter. Sypris Solutions makes up 7.6% of Williams & Novak LLC’s investment portfolio, making the stock its largest position. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. Institutional investors own 44.66% of the company’s stock.

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.