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

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

Sypris Solutions Stock Performance

Sypris Solutions stock opened at $1.39 on Tuesday. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. The company has a 50 day moving average price of $1.50 and a 200-day moving average price of $1.61. The company has a market capitalization of $32.00 million, a PE ratio of -10.69 and a beta of 1.01.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC raised its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the period. Sypris Solutions accounts for approximately 7.6% of Williams & Novak LLC’s investment portfolio, making the stock its biggest holding. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. Hedge funds and other 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.