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

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

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.55 on Thursday. The stock has a market cap of $35.30 million, a PE ratio of -9.12 and a beta of 0.98. The stock has a 50-day moving average of $1.58 and a 200-day moving average of $1.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45. Sypris Solutions has a one year low of $1.27 and a one year high of $2.30.

Institutional Trading of Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC raised its holdings in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the period. Sypris Solutions comprises about 7.6% of Williams & Novak LLC’s investment portfolio, making the stock its largest holding. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 44.66% of the stock is currently owned by hedge funds and other 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.