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

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

Sypris Solutions Stock Up 4.0 %

Shares of NASDAQ SYPR opened at $1.84 on Friday. The company has a 50 day simple moving average of $2.09 and a 200 day simple moving average of $1.73. The firm has a market cap of $42.36 million, a PE ratio of -14.15 and a beta of 1.07. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.