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

Investment analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Sunday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Up 4.0 %

SYPR stock opened at $1.84 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $42.36 million, a PE ratio of -14.15 and a beta of 1.07. Sypris Solutions has a twelve month low of $1.27 and a twelve month high of $3.72. The stock has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $1.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is owned by institutional investors and hedge funds.

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.