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

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

Sypris Solutions Stock Performance

Shares of Sypris Solutions stock opened at $1.58 on Tuesday. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $3.72. The stock’s fifty day moving average price is $1.95 and its 200-day moving average price is $1.74. The firm has a market cap of $36.37 million, a P/E ratio of -12.15 and a beta of 1.08. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new position in shares of 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 institutional investor bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions as of its most recent SEC filing. 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.