StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

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

Sypris Solutions Stock Up 0.4 %

SYPR stock opened at $2.26 on Thursday. The stock has a market capitalization of $52.03 million, a P/E ratio of -17.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $3.72. The business has a fifty day moving average price of $1.98 and a 200-day moving average price of $1.70.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Tuesday, November 12th. The auto parts company reported $0.02 earnings per share for the quarter. The business had revenue of $35.66 million during the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions at the end of the most recent reporting period. Institutional investors and hedge funds 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.