Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report released on Tuesday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Sypris Solutions stock opened at $1.64 on Tuesday. The stock’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.76. Sypris Solutions has a one year low of $1.30 and a one year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. The firm has a market cap of $37.69 million, a PE ratio of -12.62 and a beta of 0.95.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings data on Thursday, March 27th. The auto parts company reported $0.01 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.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 44.66% of the company’s stock.

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.