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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Down 1.1 %

Sypris Solutions stock opened at $1.85 on Friday. The firm has a market capitalization of $42.13 million, a price-to-earnings ratio of -10.88 and a beta of 1.00. The company’s 50 day simple moving average is $1.74 and its 200 day simple moving average is $1.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.16 and a quick ratio of 0.36. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30.

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

Institutional Trading of Sypris Solutions

A number of large investors have recently bought and sold shares of the business. Williams & Novak LLC raised its holdings in shares of Sypris Solutions by 1.8% during the second quarter. Williams & Novak LLC now owns 4,248,719 shares of the auto parts company’s stock worth $8,158,000 after acquiring an additional 75,831 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Sypris Solutions by 3.2% during the 1st 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 in the last quarter. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at about $51,000. 44.66% of the stock is owned by institutional investors.

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.