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

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

Sypris Solutions Stock Up 1.9 %

Shares of NASDAQ SYPR opened at $2.16 on Monday. The firm has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.67. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $3.72. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $49.73 million, a PE ratio of -16.62 and a beta of 1.04.

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.