Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.01 and traded as high as $2.05. Sypris Solutions shares last traded at $2.00, with a volume of 12,248 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sypris Solutions presently has a consensus rating of “Sell”.

Sypris Solutions Trading Down 1.0%

The firm has a market cap of $46.06 million, a price-to-earnings ratio of -20.00 and a beta of 0.92. The business has a 50 day moving average of $2.14 and a 200 day moving average of $2.01. The company has a quick ratio of 0.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Wednesday, November 12th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter. Sypris Solutions had a negative net margin of 1.86% and a negative return on equity of 12.86%. The company had revenue of $28.67 million for the quarter.

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.