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

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

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $1.55 on Wednesday. The firm has a market capitalization of $35.30 million, a PE ratio of -9.12 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 0.41. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $2.30. The business’s 50 day moving average is $1.81 and its 200-day moving average is $1.72.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) EPS for the quarter. The firm had revenue of $35.55 million during the quarter. Sypris Solutions had a negative return on equity of 16.73% and a negative net margin of 2.61%.

Institutional Trading of Sypris Solutions

Several institutional investors have recently made changes to their positions in SYPR. Williams & Novak LLC raised its position in Sypris Solutions by 1.8% in the second quarter. Williams & Novak LLC now owns 4,248,719 shares of the auto parts company’s stock worth $8,158,000 after purchasing an additional 75,831 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Sypris Solutions by 3.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock worth $6,852,000 after buying an additional 134,802 shares in the last quarter. Finally, Barlow Wealth Partners Inc. bought a new position in shares of Sypris Solutions during the 4th quarter worth approximately $51,000. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.