Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.71 and traded as high as $2.14. Sypris Solutions shares last traded at $2.05, with a volume of 45,491 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Sypris Solutions in a report on Friday. They set a “hold” rating for the company.

Sypris Solutions Trading Down 4.7 %

The company has a market capitalization of $47.19 million, a price-to-earnings ratio of -15.77 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. The business’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $1.71.

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

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 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.