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 released on Wednesday morning. The brokerage issued a hold rating on the auto parts company’s stock.

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

Sypris Solutions Stock Performance

Shares of SYPR opened at $1.42 on Wednesday. The firm’s 50 day moving average is $1.73 and its 200-day moving average is $1.89. The stock has a market capitalization of $31.82 million, a P/E ratio of -17.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.31. Sypris Solutions has a 12-month low of $1.38 and a 12-month high of $2.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of Sypris Solutions by 3.2% in the first 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 during the period. Williams & Novak LLC acquired a new position in shares of Sypris Solutions in the fourth quarter worth about $8,471,000. Finally, Barlow Wealth Partners Inc. acquired a new position in shares of Sypris Solutions in the fourth quarter worth about $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.