Sypris Solutions (NASDAQ:SYPR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report published on Sunday. The firm issued a hold rating on the auto parts company’s stock.

Separately, TheStreet downgraded shares of Sypris Solutions from a c- rating to a d+ rating in a research report on Tuesday, February 20th.

Sypris Solutions Stock Down 4.2 %

Shares of NASDAQ:SYPR opened at $1.59 on Friday. The company has a market capitalization of $35.70 million, a PE ratio of -79.50 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. Sypris Solutions has a twelve month low of $1.52 and a twelve month high of $2.30. The firm has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.93.

Institutional Trading of Sypris Solutions

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Sypris Solutions in the 1st quarter valued at $53,000. Barlow Wealth Partners Inc. purchased a new stake in Sypris Solutions in the 4th quarter valued at $51,000. Dimensional Fund Advisors LP raised its position in Sypris Solutions by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 13,389 shares during the last quarter. Vanguard Group Inc. raised its position in Sypris Solutions by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Sypris Solutions in the 1st quarter valued at $4,939,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

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.