StockNews.com Begins Coverage on Sypris Solutions (NASDAQ:SYPR)

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Thursday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.92 on Thursday. The company’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.77. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 0.41. The firm has a market cap of $43.72 million, a PE ratio of -11.29 and a beta of 0.91. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings data on Wednesday, May 15th. The auto parts company reported ($0.10) EPS for the quarter. The business had revenue of $35.55 million during the quarter. Sypris Solutions had a negative return on equity of 16.73% and a negative net margin of 2.61%.

Hedge Funds Weigh In On Sypris Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Williams & Novak LLC bought a new stake in Sypris Solutions during the fourth quarter worth about $8,471,000. Dynamic Advisor Solutions LLC lifted its position in Sypris Solutions by 3.2% during 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 purchasing an additional 134,802 shares during the period. Finally, Barlow Wealth Partners Inc. bought 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.