Sypris Solutions, Inc. $SYPR Stock Position Lessened by Williams & Novak LLC

Williams & Novak LLC lowered its stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,256,520 shares of the auto parts company’s stock after selling 9,686 shares during the period. Sypris Solutions accounts for approximately 4.2% of Williams & Novak LLC’s portfolio, making the stock its 4th largest holding. Williams & Novak LLC owned 0.10% of Sypris Solutions worth $4,987,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sypris Solutions presently has a consensus rating of “Sell”.

Sypris Solutions Price Performance

Shares of NASDAQ SYPR opened at $2.16 on Friday. The firm has a market capitalization of $49.74 million, a P/E ratio of -21.60 and a beta of 0.92. The company has a quick ratio of 0.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. The stock’s 50-day simple moving average is $2.09 and its two-hundred day simple moving average is $1.93. Sypris Solutions, Inc. has a twelve month low of $1.30 and a twelve month high of $3.72.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Tuesday, August 12th. The auto parts company reported ($0.09) earnings per share for the quarter. The business had revenue of $31.43 million during the quarter. Sypris Solutions had a negative return on equity of 12.86% and a negative net margin of 1.86%.

Sypris Solutions 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.