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

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

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $1.92 on Thursday. 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 52 week low of $1.27 and a 52 week high of $2.30. The stock’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.78. The company has a market capitalization of $43.72 million, a price-to-earnings ratio of -11.29 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SYPR. Barlow Wealth Partners Inc. purchased a new stake in Sypris Solutions during the fourth quarter valued at $51,000. Williams & Novak LLC bought a new position in shares of Sypris Solutions in the 4th quarter valued at about $8,471,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Sypris Solutions by 4.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock valued at $8,599,000 after acquiring an additional 176,805 shares during the last quarter. 44.66% of the stock is owned by hedge funds and other institutional investors.

About Sypris Solutions

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.