Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

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

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $1.57 on Tuesday. The company has a market cap of $36.14 million, a P/E ratio of -12.08 and a beta of 1.08. The business has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.74. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.72. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPRFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions as of its most recent filing with the Securities & Exchange Commission. 44.66% of the stock is currently owned by institutional investors.

Sypris Solutions Company Profile

(Get Free Report)

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.

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