Sypris Solutions (NASDAQ:SYPR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.88 and traded as high as $3.23. Sypris Solutions shares last traded at $3.14, with a volume of 26,115 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Tuesday, April 21st. Wall Street Zen lowered Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sypris Solutions Stock Down 4.5%

The stock has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $2.88. The firm has a market cap of $69.09 million, a PE ratio of -10.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.28 and a quick ratio of 0.44.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings data on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.15). The company had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $21.70 million. Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.62%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Sypris Solutions during the fourth quarter valued at $25,000. Jane Street Group LLC purchased a new position in shares of Sypris Solutions in the fourth quarter worth $31,000. Dimensional Fund Advisors LP raised its stake in shares of Sypris Solutions by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 13,975 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Sypris Solutions in the first quarter worth $505,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Sypris Solutions Company Profile

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.