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

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

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.81 on Monday. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $2.30. The company has a market capitalization of $41.21 million, a P/E ratio of -10.65 and a beta of 1.00. The firm has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.75. 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 (NASDAQ:SYPR) last announced its quarterly earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) earnings per share (EPS) 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.

Hedge Funds Weigh In On Sypris Solutions

Institutional investors have recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. bought a new position in shares of Sypris Solutions in the fourth quarter worth about $51,000. Dynamic Advisor Solutions LLC raised its stake in shares of Sypris Solutions by 3.2% in 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 acquiring an additional 134,802 shares during the last quarter. Finally, Williams & Novak LLC raised its stake in shares of Sypris Solutions by 1.8% in 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 last quarter. 44.66% of the stock is owned by 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.