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

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

Sypris Solutions Trading Up 1.9 %

NASDAQ:SYPR opened at $1.57 on Monday. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $1.74. The stock has a market capitalization of $36.14 million, a price-to-earnings ratio of -12.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 currently owned by hedge funds and other institutional investors.

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.