Sypris Solutions (NASDAQ:SYPR) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report published on Tuesday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

SYPR stock opened at $1.60 on Tuesday. The company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.73. The company has a market capitalization of $36.44 million, a P/E ratio of -9.41 and a beta of 1.00. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 0.41. 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 issued its quarterly 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 company had revenue of $35.55 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SYPR. Barlow Wealth Partners Inc. bought a new stake in Sypris Solutions in the fourth quarter worth about $51,000. Williams & Novak LLC raised its holdings in shares of Sypris Solutions by 1.8% in the 2nd quarter. Williams & Novak LLC now owns 4,248,719 shares of the auto parts company’s stock worth $8,158,000 after purchasing an additional 75,831 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake 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 valued at $6,852,000 after purchasing an additional 134,802 shares during the last quarter. Institutional investors own 44.66% of the company’s stock.

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.