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

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

Sypris Solutions Price Performance

Shares of SYPR opened at $1.63 on Wednesday. The company’s 50-day moving average is $1.92 and its 200-day moving average is $1.74. 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 firm has a market capitalization of $37.53 million, a PE ratio of -12.54 and a beta of 1.08. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $3.72.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC acquired a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 at the end of the most recent reporting period. 44.66% of the stock is currently owned by institutional investors.

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.