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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $1.64 on Friday. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $3.72. The firm has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.74. 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 stock has a market capitalization of $37.75 million, a price-to-earnings ratio of -12.62 and a beta of 0.96.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%. The firm had revenue of $33.45 million for the quarter.

Institutional Investors Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 quarter. Institutional investors own 44.66% of the company’s stock.

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.