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

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

Sypris Solutions Stock Down 1.2 %

SYPR stock opened at $1.68 on Friday. The company has a 50 day moving average of $1.66 and a two-hundred day moving average of $1.75. The company has a market cap of $38.61 million, a price-to-earnings ratio of -12.92 and a beta of 0.96. Sypris Solutions has a 12-month low of $1.28 and a 12-month high of $3.72. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

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

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. 44.66% of the stock is currently owned by 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.